Toll Brothers (TOL $20.93 +0.19) Reports Q4 (Oct) earnings of $0.09 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.06; revenues rose 6.3% year/year to $427.8 mln vs the $417.56 mln consensus.
The company's contract cancellation rate was approximately 7.9% in the fourth quarter of fiscal year 2011, compared to 8.8% in fiscal year 2010's fourth quarter. As a percentage of beginning-quarter backlog, FY 2011's fourth-quarter cancellation rate was 3.1% compared to 3.3% in FY 2010's same period. These rates were consistent with the Company's pre-downturn historical averages. With regard to its outlook.






