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Toll Brothers revenue misses mark, cuts FY gross margin

Published Wed, Aug 23, 2017 · 09:50 PM
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TOLL Brothers Inc's quarterly revenue missed Wall Street estimates as the US luxury homebuilder sold homes at lower prices and the company cut the top end of its full-year gross margin forecast.

Toll, which builds homes that can cost upwards of US$2 million, said its a…

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