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million, and has decided to discontinuwe givingearnings guidance. The Horsham, Pa., company’s net loss was 52 cente a share, which included pre-tax write-downds totaling $119.6 million. During the same perio last year, Toll reported a $93.7 million, or 59 cents a loss, which included pre-tax write-downs totalin g $288.1 million. Revenue for the quarter came inat $398.w million, a plunge of 51 percent. The average analysr estimate forthis year’s fiscakl second quarter was a loss of 50 centxs per share and revenue of $395 million, according to Thomsonn Reuters. Toll shares were trading 6 percen lower Wednesdayat $18.35.
Though the housing market continues to be a Toll said it has experienced an uptick in activity and traffidc atits communities. The companty will not provide earnings guidance becausreof “the numerous uncertainties related to our said Joel H. Rassman, chiefd financial officer.
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