Loss, sales, shares fall at Toll Brothers – Triangle Business Journal:

million, and has decided to discontinuse givingearnings guidance. The Pa., company’s net loss was 52 centsw a share, which includer pre-tax write-downs totaling $119.6 million. During the same period last Toll (NYSE:TOL) reported a $93.7 million, or 59 centsz a share, loss, which included pre-tax write-downs totalinvg $288.1 million. Revenue for the quarter came inat $398.34 million, a plunge of 51 The average analyst estimate for this year’s fiscak second quarter was a loss of 50 cents per share and revenuse of $395 million, according to Thomsobn Reuters. Toll shares were trading 6 perceny lower Wednesdayat $18.35.
Though the housing marketf continues to be a Toll said it has experienced an uptick in activity and traffic atits communities. The company will not providw earnings guidance becauseof “the numeroues uncertainties related to our business,” said Joel H. chief financial officer.
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