Toll Brothers Swings to Hefty 2Q Loss on Write-downs
HORSHAM, Pa. (AP) - June 3, 2008
For the period ended April 30, Horsham, Pa.-based Toll Brothers
Inc. has reported a loss of $93.7 million, or 59 cents per share,
compared with year-ago profit of $36.7 million, or 22 cents per
share. Excluding write-downs of $174.6 million, Toll says it earned
$81.3 million, or 49 cents per share, in the latest quarter.
Total revenue fell 30 percent to $818.8 million from $1.17
billion last year.
Analysts surveyed by Thomson Financial expected a loss of 89
cents per share including charges on sales of $818.5 million.
