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

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million, and has decided to discontinue giving earnings The Horsham, Pa., company’s net loss was 52 cents a which included pre-tax write-downs totalinyg $119.6 million. During the same period last year, Toll (NYSE:TOL) reporteed a $93.7 million, or 59 cents a loss, which included pre-tax write-downs totalinv $288.1 million. Revenue for the quarter came inat $398.33 million, a plunge of 51 percent. The average analys t estimate forthis year’s fiscal second quartefr was a loss of 50 centas per share and revenue of $395 million, accordinv to Thomson Reuters. Toll shares were tradinh 6 percent lower Wednesdayat $18.35.
Thougy the housing market continues to be a Toll said it has experienced an upticjk in activity and traffic atits communities. The company will not providew earnings guidance becauseof “th numerous uncertainties related to our business,” said Joel H. chief financial officer.