Toll Brothers, a leading luxury homebuilder, saw its stock plunge 6.14% in the after-hours trading session on Tuesday, following the release of its fiscal first-quarter results that missed analysts' expectations.

The company reported a pretax profit of $221.4 million, lower than the consensus estimate of $267.9 million. Additionally, Toll Brothers' home sales revenue of $1.84 billion fell short of the projected $1.906 billion, despite a respectable 26.9% gross margin.

The disappointing performance and weak outlook have raised concerns among investors and analysts, particularly in light of the broader housing market challenges. Rising mortgage rates and import tariffs are expected to further drive up housing costs, weighing on demand and pressuring margins in the coming quarters.