TOL lifts full-year outlook after reporting $2.72 EPS in Q2, exceeding expectations amid higher home sales revenue.
Toll Brothers reported fiscal second-quarter earnings per share of $2.72, surpassing market expectations as home sales revenue climbed. The homebuilder raised its full-year guidance, signaling confidence in demand trends.
Shares jumped 3.34% to $128.29 in post-market trading Tuesday. The company had previously posted $3.50 EPS in the comparable period, though revenue growth offset the year-over-year decline.
Investors reacted positively to the guidance revision, reflecting improved visibility into the housing market recovery.