Why Toll Brothers Stock Just Dropped 13%
After two days of non-stop selling, markets finally caught a break this morning, and the S&P 500 is back up 1.1% in pre-noon trading. Not everyone's so lucky, however. Last night, homebuilder Toll Brothers (NYSE: TOL) reported its first-quarter 2020 numbers, and its stock is down 13.4% as of 11:50 a.m. in response.
What went wrong?
Source Fool.com