Goldman Cautious on US Homebuilder Credt
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Toll Brothers (TOL) Tops Q4 EPS by 25c, Revenues Beat; Notes Slowdown in California
December 4, 2018 6:01 AM ESTToll Brothers (NYSE: TOL) reported Q4 EPS of $2.08, $0.25 better than the analyst estimate of $1.83. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.35 billion.
Douglas C. Yearley, Jr., Toll Brothers chairman and chief executive officer, stated: In FY 2018, we produced the highest revenues, contract value, and earnings per share in our 51-year history. In addition, our net income, home deliveries, contracts (in units) and year-end backlog (in dollars and units) were the highest in over a decade. Our return on beginning equity grew from 12.7% in FY 2017 to 16.5% in FY 2018.... More
