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Toll Brothers
TOL reported a 24% drop in its fiscal third-quarter profit.
Toll expects full-year home-sale revenue of $2.46 billion to $2.62 billion.
Toll's quarterly profit fell to $46.6 million, or $0.26 per share, from $61.6 million, or $0.36 per share, in the year-ago quarter.
Its revenue surged 24% to $689.2 million. However, analysts were estimating earnings of $0.26 per share on revenue of $696 million.
Toll shares closed at $31.64 yesterday.
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