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Earnings Reactions: Toll Brothers and Urban Outfitters Beat Estimates

  • August 22nd, 2023
  • 454 views

Toll Brothers, Inc. (NYSE: TOL), a prominent luxury homebuilder, reported third-quarter fiscal 2023 earnings of $3.73 per share, surpassing the consensus EPS estimate of $2.81. The company's quarterly sales reached $2.69 billion, exceeding analysts' projected revenue of $2.41 billion for the period.

$TOL was trading at $76.52 in after-hours, reflecting an increase of $0.60 (+0.79%).

Shifting focus, Urban Outfitters, Inc. (Nasdaq: URBN), a notable retail company specializing in fashion and lifestyle products, announced fiscal second-quarter earnings of $1.10 per share, surpassing the consensus EPS estimate of $0.89. The company's quarterly revenue reached $1.27 billion, slightly surpassing analysts' expected revenue of $1.25 billion.

In after-hours, $URBN was trading at $35.13, up $1.04 (+3.06%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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