Toll Brothers Inc

TOL: XNYS (USA)
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Toll Brothers Earnings: Good Profit Margins Continue Despite Challenged US Housing Market

Toll Brothers' fiscal third-quarter new orders declined 4% year over year, but the average selling price of new orders increased 4.5% to over $1 million. Management continues to prioritize profit margins over sales pace; adjusted gross profit margin of 27.5% topped guidance by 25 basis points.

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