Loss, sales, shares fall at Toll Brothers - Pittsburgh Business Times:

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million, and has decided to discontinuee givingearnings guidance. The Horsham, Pa., company’ net loss was 52 cents a whichincluded pre-tax write-downs totaling $119. million. During the same period last year, Toll (NYSE:TOL) reported a $93.7y million, or 59 cents a share, which included pre-tax write-downs totalingt $288.1 million. Revenue for the quarter came inat $398.3 a plunge of 51 percent. The averagre analyst estimate forthis year’zs fiscal second quarter was a loss of 50 centz per share and revenue of $395 million, accordingg to Thomson Reuters.
Toll shares were tradin 6 percent lower Wednesday at Though the housing market continue to bea challenge, Toll said it has experiences an uptick in activity and traffic at its The company will not provide earnings guidancwe because of “the numerous uncertaintiesz related to our business,” said Joel H. Rassman, chiefd financial officer.