24.05.2016 - Toll Brothers, the Company increased its revenues by 31%

Price of Toll Brothers may show growth in the near future following the publication of the report for the second quarter of the fiscal year. Thus, the company's profit for the period was 89.1 million, against 67.9 million in the same period last year. The company's revenue totaled 1.12 billion dollars, which is 31% more than the previous year. In addition, the company which is engaged in the construction of luxury homes intends to sell 5800-6300 houses for 2016, which means revenue increase to 4,76-5,36 billion dollars. Given the improvement in the US housing market, we expect continued growth of quotations by 20-25% in the medium term, but in the coming weeks may see a decrease in prices.

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