Bloomberg News

Toll Brothers Inc. (TOL - Get Report) shares were falling in premarket trading Tuesday, after the high-end home construction company issued an uncertain outlook. 

The stock was dropping 8.95% to $30.53 a share in morning trading, but settled at a loss of 1.61% to $32.99. 

Revenue for the fourth quarter rose 21% to $2.46 billion, beating Wall Street estimates of $2.35 billion. Earnings per share handily beat analysts expectations, coming in at $2.08, well better than the expected $1.83. Net income was $311 million for bottom-line growth of 62%. 

But the outlook from the company was uncertain, likely hurt by rising interest rates. "Current market conditions create a wide range of possible scenarios for our full-year results," Chief Financial Officer Martin P. Connor said. He added, "While we are targeting modest community count growth by FYE 2019, we have limited our forward-looking income statement guidance to the first quarter of 2019."

While revenue was up, orders fell, indicating a weak outlook as some orders aren't executed until the next quarter. Orders fell 13.3% to 1,715. Analysts had expected a 6% increase. 

For the full year of 2019, Toll Brothers expects deliveries of between 1,350 and 1,550, and an average price of between $850,000 and $880,000. It expects an adjusted gross margin of 23%. 

The good news: "Our balance sheet is solid with ample liquidity," Connor said, as the company has $1.18 billion in cash and a line of credit which it is using without problem. 

The stock has declined more than 30% this year.