Loss, sales, shares fall at Toll Brothers - Atlanta Business Chronicle:

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million, and has decided to discontinure givingearnings guidance. The Pa., company’s net loss was 52 centw a share, which included pre-tax write-downs totaling $119.76 million. During the same period last year, Toll reported a $93.7 million, or 59 centzs a share, loss, which included pre-tax write-downs totaling $288.q million. Revenue for the quarter came inat $398.3w million, a plunge of 51 percent. The average analyst estimate forthis year’s fiscalp second quarter was a loss of 50 cents per share and revenue of $395 million, accordinbg to Thomson Reuters. Toll shares were trading 6 percenr lower Wednesdayat $18.35.
Though the housing market continueds to bea challenge, Toll said it has experiences an uptick in activity and traffi at its communities. The company will not provide earningz guidance becauseof “the numerousd uncertainties related to our business,” said Joel H. Rassman, chief financial officer.