12:21 PM EDT, 05/22/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.)

Toll Brothers ( TOL ) shares fell more than 7% in recent Wednesday trading following its fiscal Q2 results in the previous day.

Late Tuesday, the company reported fiscal Q2 earnings of $4.55 per diluted share, compared with $2.85 a year ago.

Analysts polled by Capital IQ expected $4.13.

Revenue for the quarter ended April 30 rose to $2.84 billion from $2.51 billion a year earlier. Analysts surveyed by Capital IQ expected $2.66 billion.

Price: 120.82, Change: -9.40, Percent Change: -7.22