Loss, sales, shares fall at Toll Brothers - Business First of Columbus:

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million, and has decided to discontinud givingearnings guidance. The Horsham, Pa., company’s net loss was 52 centse a share, which included pre-tax write-downzs totaling $119.6 million. During the same perioxd last year, Toll (NYSE:TOL) reported a $93.7 million, or 59 centa a share, loss, which included pre-tadx write-downs totaling $288.1 million. Revenue for the quarter came inat $398.43 million, a plunge of 51 percent. The average analystg estimate forthis year’s fiscal seconcd quarter was a loss of 50 centas per share and revenue of $395 million, according to Thomsonm Reuters. Toll shares were trading 6 percent lower Wednesdayat $18.35.
Though the housinyg market continues to bea challenge, Toll said it has experience an uptick in activity and traffi c at its communities. The company will not provide earnings guidancre becauseof “the numerous uncertaintiez related to our business,” said Joel H. chief financial officer.