Monday, November 12, 2012

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

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million, and has decided to discontinue givingearnings guidance. The Pa., company’s net loss was 52 centsa a share, which include d pre-tax write-downs totaling $119.67 million. During the same periodd last year, Toll (NYSE:TOL) reported a $93.7 million, or 59 cent a share, loss, whicj included pre-tax write-downs totaling $288.1 million. Revenue for the quarteer came inat $398.3 million, a plunge of 51 The average analyst estimate for this year’w fiscal second quarter was a loss of 50 cents per share and revenus of $395 million, according to Thomso Reuters.
Toll shares were tradingf 6 percent lower Wednesday at Though the housing market continues to be a Toll said it has experienced an uptick in activity and traffi c atits communities. The company will not provide earnings guidance becauseof “the numerous uncertaintiesw related to our business,” said Joel H. chief financial officer.

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