Toll Brothers Up As Luxury-Home Orders Hit Highest in Two Years

Toll Brothers shares rose as much as 5% in postmarket trading after the luxury homebuilder reported second-quarter profit that beat analysts’ estimates and raised full-year guidance. The combination of an earnings beat and improved outlook points to stronger-than-expected fundamentals in the housing and real estate segment. The move is likely to be stock-specific rather than sector-wide.

Analysis

Toll Brothers shares rose as much as 5% in postmarket trading after the luxury homebuilder reported second-quarter profit that beat analysts’ estimates and raised full-year guidance. The combination of an earnings beat and improved outlook points to stronger-than-expected fundamentals in the housing and real estate segment. The move is likely to be stock-specific rather than sector-wide.