Toll Brothers, Inc. 's TOL shares gained more than 8% in the after-hour trading session, following its second-quarter fiscal 2020 earnings release. The company's earnings in the quarter topped the Zacks Consensus Estimate but revenues missed the same. Although COVID-19 impacted its order trends from Mar 16 to Apr 30, the recent trends observed by Toll Brothers suggest that "the housing market may be more resilient than anticipated just two months ago." Douglas C. Yearley, Jr., chairman and chief executive officer, said, "Our deposits, which typically precede a binding sales contract by about three weeks and represent a leadingindicator of current market demand, were up 13% over the past three weeks versus the same three-week period last year. Importantly, our recent deposit-to-contract conversion ratio has remained consistent with pre-Covid-19 levels.