On the occasion of the publication of its quarterly results on Tuesday evening, Toll Brothers raised its EPS guidance for fiscal 2023-24 to around $14, instead of $13.25 to $13.75.

The luxury homebuilder reported EPS of $4.55 for its second accounting quarter, up from $2.85 a year earlier, and up nearly 19% to $3.38 excluding a gain on a land disposal.

Revenues from residential sales rose by 6% to $2.65 billion, on a similar increase in the number of homes delivered to 2,641, while the net value of contracts signed over the period climbed by 29% to $2.94 billion.

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