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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (1894)	2/26/2002 7:07:34 AM
From: D. K. G.	Read Replies (1) \| Respond to of 306849

Message 17113639

To: patron_anejo_por_favor who wrote (1894)	2/26/2002 8:14:20 AM
From: AllansAlias	Read Replies (1) \| Respond to of 306849

Thought we should archive these quotes for later reference -g: Toll Brothers (TOL) reported fiscal first quarter earnings that topped consensus analyst expectations, and indicated that full-year 2002 and 2003 results would exceed current forecasts. For the quarter ending January, net income was $44.5 million, or $1.20 a share, up from income of $39.9 million, or $1.01 a share recorded in the same period a year earlier. Analysts surveyed by Thomson Financial/First Call had been expecting earnings of $1.05 a share. Revenue for the period increased 5.3 percent over last year to $482.7 million. "The luxury market continues to flourish, as it has for the past 11 years, driven by strong demographics and increasing affluence," said Robert Toll, the homebuilder's chairman and chief executive. "Toll Brothers, and the home building industry in general, may have skipped the recession of 2001-2002: With the economy now improving, we believe the best is yet to come." Looking ahead, the company said it expects to exceed analyst expectations for 2002, and to report EPS $6 or better in 2003. Analysts are currently forecasting EPS of $5.08 and $5.61, respectively, for those periods. The stock closed Monday up $1.34 at $43.98.