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BRIEF-Toll Brothers Q3 earnings per share $0.87
August 22, 2017 / 10:09 AM / a month ago

BRIEF-Toll Brothers Q3 earnings per share $0.87

Aug 22 (Reuters) - Toll Brothers Inc

* Toll brothers reports FY 2017 3rd quarter and 9 month results

* Q3 earnings per share $0.87

* Q3 earnings per share view $0.69 -- Thomson Reuters I/B/E/S

* Sees FY 2017 revenue $5.6 billion to $6.0 billion

* Q3 revenue $1.5 billion versus I/B/E/S view $1.51 billion

* Toll Brothers Inc says ‍now estimates it will deliver between 7,000 and 7,300 homes in FY 2017, compared to previous guidance of 6,950 to 7,450 units​

* Toll Brothers Inc - ‍Expects FY 2017 fourth-quarter deliveries of between 2,275 and 2,575 units with an average price of between $840,000 and $860,000​

* Toll Brothers - Quarter end backlog of $5.31 billion and 6,282 units rose 21% in dollars and units, compared to FY 2016’s third-quarter-end backlog

* Sees ‍average delivered price for FY 2017’s full year of between $800,000 and $825,000 per home​

* Toll Brothers Inc says ‍expects its fourth-quarter FY 2017 adjusted gross margin to improve 35 to 50 basis points from FY 2017’s third-quarter​ Source text for Eikon: Further company coverage:

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