Thursday, November 24, 2011

Loss, sales, shares fall at Toll Brothers - Denver Business Journal:

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million, and has decided to discontinu givingearnings guidance. The Horsham, Pa., company’s net loss was 52 cents a share, which includexd pre-tax write-downs totaling $119.6 million. During the same perioc last year, Toll (NYSE:TOL) reported a $93.7 or 59 cents a loss, which included pre-tax write-downs totaling $288.1 Revenue for the quarter came inat $398.w million, a plunge of 51 The average analyst estimate for this year’ s fiscal second quarter was a loss of 50 centzs per share and revenue of $395 million, accordinv to Thomson Reuters.
Toll shares were trading 6 percentg lower Wednesday at Though the housing market continues to be a Toll said it has experienced an uptick in activity and traffic at its The company will not provide earningws guidance becauseof “the numerous uncertainties relatec to our business,” said Joel H. Rassman, chief financial

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