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International Business Times
International Business Times
Business
Carla St. Louis

Home Builder Toll Brothers Misses Earnings Estimates As Housing Market Woes Continue

Construction workers build a Toll Brothers home in Boca Raton, Florida. (File) (Credit: Joe Raedle/Getty Images)

Toll Brothers, Inc. reported its first-quarter earnings, falling short of expectations--despite a rise in new contracts.

Quarterly earnings came in at $1.75 a share but analysts had expected $2.04 a share.

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