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Stock Market & Financial Investment News

News Breaks
May 28, 2014
14:19 EDTTOLToll Brothers sees Q3, Q4 profit margins to be better than Q2
Toll Brothers still sees year-end community count 250-290. Sees Q3 backlog conversion of about 31%. The company said its agreements are down in May, with traffic flat, adding that it expects July sales to be up from the same month of last year. Comments from the company's Q2 earnings call.
News For TOL From The Last 14 Days
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June 19, 2015
14:26 EDTTOLHomebuilders advance after KB Home reports earnings
Shares of homebuilder stocks are rallying in a down market after group member KB Home (KBH) reported second quarter EPS of 10c on revenue of $623M, beating consensus estimates of 8c and $619M, respectively. Net orders grew 33% to 3,015 in the current quarter, compared to 2,269 in the year-earlier quarter, largely driven by expansion in the company’s average community count. PRICE ACTION: In afternoon trading KB Home is up about 10% to $16.46. Other homebuilder stocks are moving up as well, with DR Horton (DHI) and PulteGroup (PHM) each up about 2% and Lennar (LEN) up 3%.

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