Toll Brothers' (TOL) preliminary Q4 results "completely blew away all expectations," Pali's...

|About: Toll Brothers Inc. (TOL)|By:, SA News Editor

Toll Brothers' (TOL) preliminary Q4 results "completely blew away all expectations," Pali's Stephen East says. The luxury homebuilder said late yesterday orders jumped 42% from the year-ago period in units, and 62% in dollars to $431M. "The shock to the financial system in mid-September 2008 that shut down the capital markets appears to be mostly behind us," CEO Robert Toll said. Shares +8% premarket.