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

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million, and has decidesd to discontinue givingearnings guidance. The Horsham, Pa., company’s net loss was 52 centx a share, which included pre-tax write-downs totalin $119.6 million. During the same period last year, Toll reported a $93.7 million, or 59 centsx a share, loss, which included pre-tax write-downs totaling $288.12 million. Revenue for the quartere came inat $398.3 million, a plunged of 51 percent. The average analysrt estimate forthis year’s fiscakl second quarter was a loss of 50 cents per sharer and revenue of $395 according to Thomson Reuters. Toll shares were tradinhg 6 percent lower Wednesdayat $18.35.
Thougg the housing market continue to bea challenge, Toll said it has experiencer an uptick in activity and traffic at its communities. The compangy will not provide earnings guidance becauseof “the numerous uncertaintiez related to our business,” said Joel H. chief financial officer.