Shares of most homebuilders rallied on Thursday, thanks to the Federal Reserve Chairman Ben Bernanke’s extremely dovish remarks.
Tag: TOL
KB Home Tops Q2 Estimates, Shares Gain (KBH)
KB Home (NYSE: KBH) reported lower-than-expected fiscal second-quarter loss on Thursday as the homebuilder benefitted from strong growth in home deliveries and higher average selling price amid gradually improving U.S. housing market.
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Lennar Corp. Q2 Results Beat Estimates (LEN, TOL)
Lennar Corp. (NYSE: LEN) said on Tuesday that fiscal second quarter net income fell by 70% as the company had unfavorable comparables (more tax gains in the year earlier quarter); however shares climbed as both revenue and earnings exceeded street’s estimate. Strong growth in new orders and increase in home prices boosted the top line growth.
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Major Movers on May 22; ZLC, NTAP, TGT, TOL, SKS
Shares of Zale Corp. (ZLC) catapulted more than 20% by afternoon trade after the jewelry retailer reported on Wednesday that it swung into fiscal third quarter profit. The Company also announced that the appointment of its new Chairman, Terry Burman, who previously served at the Chief Executive at rival firm, Signet Jewelers Ltd. For the fiscal third quarter ended April 30, Zale reported a net income of $5.05 million or 13 cents a share compared to year-earlier loss of $4.53 million or 14 cents a share. Revenue edged down 0.6% to $442.7 million, in the fiscal third quarter. Analysts’ consensus estimate was for earnings of loss of penny a share on revenue of $443 million. Gross margin widened to 52.6% from 51.3%, in the same quarter of last fiscal. Comparable-store-sales rose 1.4% while analysts’ consensus estimate was for 2% fall.
Continue reading Major Movers on May 22; ZLC, NTAP, TGT, TOL, SKS
Toll Brothers Beat Q2 Estimates (TOL)
Toll Brothers Inc. (NYSE: TOL) reported on Wednesday that its fiscal second-quarter profit climbed 46% as vastly improving U.S. housing market allowed the luxury homebuilder to sell more homes at higher average prices.
Major Movers on February 20; TOL, DELL, SINA, CDE, JOY
Shares of Toll Brothers Inc. (NYSE: TOL), a Horsham, Pennsylvania-based company engaged in designing, building, marketing and arranging financing for single-family detached and attached homes in luxury residential commodities, are down sharply in trading today even as the company swung to a profit in its fiscal first quarter.
Continue reading Major Movers on February 20; TOL, DELL, SINA, CDE, JOY
Toll Brothers Shares Gain on Q4 Result (TOL)
Shares of Toll Brothers Inc. (NYSE: TOL) have edged higher in trading today after the homebuilder reported its fourth-quarter financial results. The company’s fourth-quarter profit jumped thanks to a large tax benefit. TOL’s results have once again highlighted the fact that the housing market is seeing a strong recovery.
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Major Gainers and Losers on August 22; TOL, EXPR, WSM, DELL, AEO, YELP, CHS, CLWR, SRZ, HCN
Shares of luxury homebuilder, Toll Brothers Inc. (NYSE: TOL) rose sharply in trading today. The stock rose to a 52-week high of $33.68 before finishing the day 3.77% higher at $33.01 on above average volume of 10.16 million.