Toll Brothers Expects Growth In Revenues, Earnings In FY17; Q4 Revenue Up 29%

Toll Brothers, Inc. (TOL), the nation's leading builder of luxury homes, announced the company expects first-quarter deliveries of between 1,000 and 1,250 units with an average price of between $750,000 and $780,000. Toll Brothers expects fiscal 2017 deliveries of between 6,500 and 7,500 units with an average price of between $775,000 and $825,000. The company expects its full fiscal 2017 adjusted gross margin to be between 24.8% and 25.3% of revenues reflecting the impact from Coleman Homes and other changes in mix of product deliveries.

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