Toll Brothers homebuilding revenue drops

LOS ANGELES - November 10, 2009

The company, based in Horsham, Pa., says buyers signed contracts for 765 homes valued at $430.8 million.

Toll said Tuesday it completed 860 sales transactions generating $486.6 million in revenue for the three months ended Oct. 31. Revenue was down 30 percent from the year-ago period.

Toll Brothers will release final quarterly results on Dec. 3, and analysts surveyed by Thomson Reuters expect a loss of 37 cents a share on revenue of $386.2 million.

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