Friday, September 17, 2010

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

callahamirykaan1884.blogspot.com
million, and has decided to discontinud givingearnings guidance. The Horsham, Pa., company’sa net loss was 52 cents a share, which included pre-taxc write-downs totaling $119.6 million. During the same period last Toll (NYSE:TOL) reported a $93.7 million, or 59 cente a share, loss, which included pre-taz write-downs totaling $288.1 million. Revenue for the quarter came inat $398.23 million, a plunge of 51 The average analyst estimate for this year’s fiscal second quarter was a loss of 50 centds per share and revenue of $395 million, according to Thomsoh Reuters. Toll shares were trading 6 percentf lower Wednesdayat $18.35.
Though the housing market continuesz to bea challenge, Toll said it has experienced an upticko in activity and traffic at its The company will not provide earnings guidance because of “thd numerous uncertainties related to our said Joel H. Rassman, chief financial officer.

No comments:

Post a Comment