February 25, 2020 / 10:23 PM / a month ago

Toll Brothers Reports Q1 Profit Below Estimates

Feb 25 (Reuters) - TOLL BROTHERS INC:

* Q1 SHR ESTIMATE $0.45 — REFINITIV IBES DATA

* Q1 REVENUE $1.3 BLN VS REFINITIV IBES ESTIMATE OF $1.45 BLN

* BACKLOG UNITS AT FIRST-QUARTER END WERE 6,461, UP 9%; BACKLOG VALUE WAS $5.45 BLN, UP 2%

* SEES 2020 DELIVERIES OF 8,600 - 9,100 UNITS WITH AN AVERAGE PRICE OF BETWEEN $800,000 AND $820,000

* “REVENUES WERE BELOW GUIDANCE IN OUR Q1, AS SOME DELIVERIES SLIPPED INTO OUR Q2”

* SEES Q2 DELIVERIES OF 1,850 - 2,050 UNITS WITH AN AVERAGE PRICE OF BETWEEN $800,000 AND $820,000 Source text for Eikon: Further company coverage:

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