** Homebuilder Toll Brothers' shares TOL.N fall 2.8% to $128.50 premarket
** TOL beat Q3 profit and revenue estimates on Tuesday, but quarterly home orders fell 4% y-o-y owing to a 10% fall in the sales pace from a year ago
** "The order miss...suggests conditions deteriorated further in June and July given prior commentary around healthy May absorptions last quarter," analysts said at Barclays Research
** TOL narrowed full-year 2025 deliveries forecast to 11,200 units, compared with earlier forecast range of 11,200 to 11,600 units
** "TOL results remind investors of a slowly-but-surely deteriorating housing market, in the backdrop of a mid-summer rate rally that has left the stocks disconnected from fundamentals," says Barclays
** As of last close, stock had risen ~5% YTD
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
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