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Homebuilder Toll Narrows Loss
Luxury homebuilder Toll Brothers (TOL) reported a fourth-quarter loss of $78.8 million, or 49 cents a share, compared with a year-earlier loss of $81.8 million, or 52 cents a share.
Excluding writedowns in both periods, fourth-quarter earnings were $38.5 million, or 23 cents a share, lower than year-earlier earnings of $118.2 million, or 72 cents a share.
Analysts surveyed by Thomson Reuters expected Toll to report a loss of 46 cents a share. ...
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