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
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT