Loss, sales, shares fall at Toll Brothers - Puget Sound Business Journal (Seattle):

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million, and has decided to discontinued givingearnings guidance. The Horsham, Pa., company’e net loss was 52 centsd a share, which included pre-tax write-downs totaling $119.7 million. During the same periocd last year, Toll (NYSE:TOL) reportee a $93.7 million, or 59 cents a share, loss, which includedc pre-tax write-downs totaling $288.1 million. Revenue for the quarterf came inat $398.3 million, a plungse of 51 percent. The average analyst estimatwe forthis year’s fiscal second quarter was a loss of 50 centws per share and revenu of $395 million, according to Thomsonm Reuters. Toll shares were trading 6 percent loweer Wednesdayat $18.35.
Though the housing market continueas to bea challenge, Toll said it has experiencede an uptick in activity and traffic at its The company will not providd earnings guidance because of “the numerous uncertainties related to our business,” said Joel H. chief financial officer.