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Toll Brothers Inc.'s stock tumbled Thursday after the luxury homebuilder reported a disappointing year-end loss and said it expects its sales in fiscal 2010 to decline at least 7 percent.
Toll Brothers Inc., the nation's largest builder of luxury homes, reports fiscal fourth-quarter earnings on Thursday. The following is a summary of key developments for the period.
Toll Brothers Inc. said Tuesday buyers signed 42 percent more contracts for new homes in its fourth fiscal quarter, but revenue dropped because the luxury builder has fewer communities around the country.
A huge tax hit wiped out Toll Brothers' profits for the third fiscal quarter, but the luxury builder saw housing markets improve in many parts of the country.
Shares of homebuilders advanced Tuesday after a report showed construction of new homes rose for the fifth straight month, while shareholders approved a takeover of Centex Corp. by rival homebuilder Pulte Homes Inc.
Luxury homebuilder Toll Brothers Inc. gave investors another shot of optimism about the housing market recovery, saying it posted the first annual increase in signed contracts for new homes in four years.
Toll Brothers Inc. said Wednesday it trimmed its losses in the second fiscal quarter and is seeing a pickup in the number of homebuyers who are ready to put down deposits.
Toll Brothers Inc. said Wednesday more springtime homebuyers have come into its luxury home communities and left deposits on new orders — a sign that the battered housing market is improving.
Toll Brothers Inc., the nation's largest builder of luxury homes, reported on Wednesday it cut its loss in the fiscal first quarter by slashing expenses, but saw sales drop by half despite creative incentives for buyers.
Toll Brothers Inc. said Wednesday its preliminary revenue slipped 51 percent in the first quarter, failing to meet Wall Street expectations as the housing market downturn continued to weigh on the luxury homebuilder's results.
The CEO of luxury homebuilder Toll Brothers Inc. received a compensation package last year valued at $8.8 million, with the bulk of his pay coming from stock options, according to an analysis of a regulatory filing Friday.
Luxury homebuilder Toll Brothers Inc. warned Thursday that revenue in fiscal 2009 will be significantly lower than in 2008, despite ending the year with a slightly narrower quarterly loss.
Blaming the U.S. financial crisis for squelching early signs that the housing market was beginning to stabilize in recent weeks, homebuilder Toll Brothers Inc. reported a 41 percent plunge in fourth-quarter sales Tuesday and called on government intervention to help shore up the housing market.
Luxury homebuilder Toll Brothers Inc. said Tuesday its home building revenue dropped 41 percent in its fiscal fourth quarter as the financial crisis exacerbated ongoing weakness in the housing market.
An anxious Wall Street proceeded cautiously Monday after last week's selloff, sending stock futures lower ahead of earnings from two major retailers.
Toll Brothers Inc. said Thursday it swung to a loss in its fiscal third quarter as weak demand for new homes forced the luxury builder to mark down the value of its land and unsold homes.
Luxury-home builder Toll Brothers Inc. on Tuesday posted a second-quarter loss that was smaller than Wall Street expected, as a hefty write-down driven by joint ventures was offset by other income.
Luxury home builder Toll Brothers says preliminary results show homebuilding revenue fell 30 percent in its fiscal second quarter amid a weak spring selling season.
Luxury-home builder Toll Brothers Inc. said Wednesday it swung to a loss in the first quarter as write-downs on properties it could no longer sell at a profit more than doubled and its sales tumbled 23 percent.
Over a year ago, the chief executive of luxury-home builder Toll Brothers Inc. thought the housing slump could be touching close to the bottom.
Toll Brothers Inc. said Wednesday that revenues are expected to slide 22 percent during the first quarter, and the luxury-home builder is not "seeing much light at the end of the tunnel."
Toll Brothers Inc., the nation's largest builder of luxury homes, reported its first quarterly loss in 21 years Thursday as the housing downturn that the company called the worst in four decades deepened.
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