BUZZ-Toll Brothers jumps after Q2 earnings tops estimates

Reuters
21 May
BUZZ-Toll Brothers jumps after Q2 earnings tops estimates

** Luxury homebuilder Toll Brothers TOL.N shares soar nearly 6% to $110 premarket

** Co on Tuesday posted Q2 home sales revenue of $2.71 bln vs Wall Street estimates of $2.48 bln

** TOL's Q2 adj EPS $3.5/share vs estimates of $2.83/share

** Co reaffirmed forecast for 2025 deliveries of 11,200 to 11,600 units

** Eleven of 19 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; their median PT is $136.50- data compiled by LSEG

** As of last close, stock had fallen 17% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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