(Boursier.com) — Toll Brothers, the American real estate developer, lost ground before the stock market on Wall Street, while the group nevertheless beat the consensus for the third fiscal quarter. Adjusted earnings per share were $2.35, versus $2.3 market consensus and $1.87 a year earlier. Net profit reached 273 million dollars against 235 million a year earlier. Revenues were 2.49 billion, against 2.26 billion a year earlier. The group is however cautious about its outlook, with the highest level of mortgage rates and market volatility.
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