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Toll Brothers trims 4Q loss, next year looks worse

December 7th, 2008 · Permalink



Toll Brothers housing complex is shown in Sunnyvale, Calif., Wednesday, Dec. 3, 2008. Toll Brothers Inc. said Thursday its fiscal fourth-quarter loss narrowed slightly as it took fewer write-downs on land values, but warned that fiscal 2009 revenue will fall significantly below 2008 levels. (AP Photo/Paul Sakuma)AP - 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.


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