Toll Brothers' homebuilding revenue dives 51 percent
U.S. luxury homebuilder Toll Brothers Inc
Preliminary second-quarter results showed home-building revenue of about $398.3 million and an order backlog of about $944.3 million.
Analysts were on average expecting second-quarter revenue of $392.4 million, according to Reuters Estimates.
Shares in the Horsham, Pennsylvania-based company closed at $19.51 on Tuesday.
(Reporting by Anurag Kotoky in Bangalore; Editing by Greg Mahlich)
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