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Toll Revenue Declines, but Beats Estimates

Stock quotes in this article: TOL  

Toll Brothers' (TOL Quote) Wednesday reported quarterly revenue that topped estimates, and the company's CEO cited growing pent-up demand from homebuyers who have postponed buying homes over the past three years.

Toll's homebuilding revenue totaled $797 million in the third quarter, down 34% from a year ago but better than the $746 million analysts expected, according to Thomson Reuters.

Toll, in its preliminary results, also said new orders fell 31% from a year ago. ...

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