Toll Brothers reported third-quarter earnings of $2.97 per share and revenue of $2.66 billion, beating analyst estimates of $2.91 and $2.61 billion, although revenue fell from $2.95 billion in the same period last year. Home sales revenue was $2.65 billion, with 2,662 homes delivered at an average price of $996,400. Adjusted home sales gross margin declined to 25.6% from 27.5% as high interest rates pressured margins and backlog. Net signed contract value rose to $2.52 billion from $2.41 billion and contracted homes increased to 2,508 from 2,388, although the company cited weak order conditions in a challenging housing market. Backlog eased to $6.24 billion from $6.38 billion, while Toll Brothers continued to target higher-end buyers and maintain conservative land inventory. The stock was down 1.31% at $140.99 in extended trading.