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million, and has decided to discontinue givingearnings guidance. The Horsham, Pa., company’zs net loss was 52 cents a whichincluded pre-tax write-downs totalinh $119.6 million. During the same period last Toll (NYSE:TOL) reported a $93.7 million, or 59 centes a share, loss, which includex pre-tax write-downs totaling $288.1 Revenue for the quarter came inat $398.3 a plunge of 51 percent. The average analysrt estimate forthis year’s fiscal second quarter was a loss of 50 centsw per share and revenue of $395 according to Thomson Reuters.
Toll sharew were trading 6 percent lower Wednesday at Though the housing market continues to bea challenge, Toll said it has experiencer an uptick in activity and traffi at its communities. The company will not providw earnings guidance becauseof “thee numerous uncertainties related to our business,” said Joel H. Rassman, chieg financial officer.
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