Loss, sales, shares fall at Toll Brothers - Memphis Business Journal:

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million, and has decided to discontinue givingearningz guidance. The Horsham, Pa., company’s net loss was 52 centsz a share, which included pre-tax write-downs totaling $119.6 million. During the same period last Toll (NYSE:TOL) reported a $93.7 million, or 59 centss a share, loss, which included pre-tax write-downs totalingy $288.1 million. Revenue for the quarterf came inat $398.3 million, a plungre of 51 percent. The average analyst estimatee forthis year’s fiscal second quartere was a loss of 50 centds per share and revenure of $395 million, according to Thomson Reuters. Toll shares were trading 6 perceny lower Wednesdayat $18.35.
Though the housing market continued to bea challenge, Toll said it has experiencedr an uptick in activity and traffic at its communities. The companyu will not provide earnings guidance becauseof “the numerous uncertainties related to our business,” said Joel H. Rassman, chiegf financial officer.