Toll Bros. loses $111 million in Q4

A sign for Toll Brothers is seen outside their offices in Horsham, Pa., Tuesday, June 3, 2008. Toll Brothers says hefty write-downs on the value of land joint ventures drove the luxury homebuilder to a second-quarter loss, but results topped Wall Street expectations. (AP Photo/Matt Rourke) (AP Photo/Matt Rourke)

December 3, 2009 9:05:38 AM PST
Toll Brothers Inc. lost $111.4 million in the fiscal fourth quarter, but the luxury homebuilder is seeing signs of a turnaround in the housing market.

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