Stock News Alert - Toll Brothers, Inc. (NYSE:TOL) is Up 12%

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Toll Brothers, Inc. (NYSE:TOL) gapped up 12.40 to $20.67 in opening trade. Toll brothers reports preliminary Q4 results for contracts, backlog and home building revenues; Co announced its 2009's Q4 net signed contracts of 765 units and $430.8 million rose 42% . The company announced its 2009's Q4 net signed contracts of 765 units and $430.8 million rose 42% in units and 62% in dollars compared to FY 2008's Q4 totals. FY 2009's Q4 totals also exceeded FY 2007's Q4 net signed contracts by 17% in units and 18% in dollars.

Toll Brothers, Inc. is engaged in designing, building, marketing and arranging finance for single-family detached and attached homes in luxury residential communities.

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