Homebuilding Stock Heads for 5th Post-Earnings Loss

Homebuilding stock Toll Brothers Inc (NYSE:TOL) was last seen down 1.6% at $134.00, after mixed fiscal fourth-quarter results. The company posted earnings of $4.58 per share, missing analyst expectations of $4.87 per share and falling five cents from the same quarter a year ago. Meanwhile revenue of $3.42 billion surpassed estimates of $3.31 billion and representing a 2.7% increase from last year's same quarter. The company also issued warnings of soft demand moving forward, saying they won't be able to tel ...