December 05, 2012 at 17:43 PM EST
Toll Bros.' Decline Adds To The Homebuilder Struggles
The persistent drumbeat of improving housing market data has homeowners, real estate agents and homebuilders across the country geared to celebrate a joyous Christmas. But a rising number of homebuilders' stocks are struggling. Toll Bros. (TOL) posted what at first appeared to be a hefty fiscal fourth-quarter sales and earnings win on Tuesday. But adjusted numbers showed that, while sales growth accelerated, earnings undercut analyst expectations
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