logo
Share SHARE
FONT-SIZE Plus   Neg

Toll Brothers Slips To Loss In Q1 - Quick Facts

Toll Brothers Inc. (TOL) reported first-quarter net loss of $2.79 million, or $0.02 per share compared with last year's profit of $3.42 million, or $0.02 per share. The latest quarter results included a net tax benefit of $3.6 million, versus a net tax benefit of $20.5 million in fiscal 2011's first quarter, the company said.

On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items.

On a pre-tax basis, quarterly loss reduced to $6.4 million from $17.0 million, while excluding inventory and joint venture write-downs, pre-tax income plunged to $1.7 million from $8.1 million a year ago.

Revenues totaled $321.95 million, lower than $334.12 million in the comparable period prior year, while 16 analysts estimated revenues of $360.84 million for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A Pennsylvania woman has sued Chick-fil-A after she claimed a dead rodent was found baked into her chicken sandwich. Ellen Manfalouti of Northampton has filed a lawsuit in Bucks County Court against Chick-fil-A, seeking more than $50,000 for the physical and psychological damages that she endured after the incident occurred. Early Uber investor Shervin Pishevar has alleged that venture capital firm Benchmark Capital is seeking to remove Arianna Huffington from the ride-hailing company's board of directors. Pishevar also accused Benchmark of holding Uber hostage by threatening to block investments in the company and urged it to step down from Uber's board of directors. A class-action lawsuit has been filed against Nestle's marketing and sales of Poland Spring bottled water, accusing it of not meeting the federal definition of spring water and of being "a colossal fraud perpetrated against American consumers."
comments powered by Disqus
Follow RTT