Toll Brothers takes smaller fiscal 2Q loss

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)

May 26, 2010 5:17:40 AM PDT
Luxury homebuilder Toll Brothers Inc. said Wednesday that it took a smaller loss in its second quarter as writedowns of assets decreased.