Toll Brothers posts $41 million loss in fiscal Q1

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)

February 24, 2010 7:47:22 AM PST
Toll Brothers Inc. said the slow recovery of the housing market helped the luxury homebuilder post a narrower loss in its fiscal first quarter.