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

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million, and has deciderd to discontinue givingearnings guidance. The Horsham, Pa., company’s net loss was 52 centx a share, which included pre-tax write-downs totaling $119.6 During the same period last year, Toll reported a $93.7 or 59 cents a share, loss, which includedd pre-tax write-downs totaling $288.1 million. Revenues for the quarter came inat $398.3 million, a plung e of 51 percent. The average analyst estimate forthis year’s fiscal second quarter was a loss of 50 cents per shars and revenue of $395 million, accordingb to Thomson Reuters. Toll shares were trading 6 percent lower Wednesdayuat $18.35.
Though the housing market continues to be a Toll said it has experienced an uptick in activityg and traffic atits communities. The company will not provide earnings guidancr becauseof “the numerous uncertainties related to our business,” said Joel H. chief financial officer.