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Toll Brothers Inc. (TOL) Sank To An 8-Month Low After Q2 Profit Disappoints

Toll Brothers Inc. (TOL) reported second quarter EPS of $0.72 Tuesday morning, compared to $0.73 in the previous year. Analysts expected EPS of $0.76.

Toll Brothers gapped open sharply lower Tuesday and dropped in early trade. The stock sank further going into the close and finished with a loss of 4.17 at $39.46 with volume at over a 5-month high. Toll Brothers tumbled to an 8-month low.

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