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Toll Brothers falls after earnings miss analyst estimates

from Bloomberg Businessweek

Toll Brothers Inc., the largest U.S. luxury home builder, tumbled the most in four years after reporting fiscal first-quarter earnings that trailed analyst estimates and projecting narrower margins. Net income for the quarter ended Jan. 31 was $4.4 million, or 3 cents a share, compared with a loss of $2.8 million, or 2 cents, a year earlier, the Horsham, Pennsylvania-based company said in a statement. more


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