Toll Brothers Inc. (TOL) reported first quarter net income of $0.03 per share Wednesday morning, compared to the loss of $0.02 per share a year ago. The consensus estimate was for EPS of $0.10.
Toll Brothers gapped open lower Wednesday and fell in early trade. The stock declined further going into the close and ended the session with a loss of 3.34 at $33.56 on above average volume. Toll Brothers dropped to a 6-week low and fell below its 50-day moving average.
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