On August 19, Toll Brothers rose 5.28% in pre-market trading, trading at $150.38/share, with turnover of $3.04 million. The move follows the company's fiscal Q3 earnings release after the prior session's close.

Toll Brothers reported fiscal Q3 EPS of $2.97, beating the analyst consensus estimate of $2.91-$2.93. Revenue came in at $2.66 billion, surpassing expectations of $2.62 billion, though declining approximately 8% from $2.95 billion a year earlier. CEO Karl K. Mistry characterized the results as solid given a challenging market environment. For Q4, the company guided deliveries of 3,450 to 3,550 units at an average selling price of $995,000 to $1,005,000.

Additionally, Toll Brothers raised its fiscal year stock buyback target from $650 million to $700 million, signaling management confidence in the company's financial position and cash flow outlook. During Q3, the company repurchased approximately 1.4 million shares for $206.8 million and paid a quarterly dividend of $0.26 per share.

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