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Toll Brothers reports decline in revenues

Toll Brothers, Inc., the United States' largest building of luxury homes, reported that, for the period ended July 31, 2007, third-quarter home building revenues were approximately $1.21 billion, third-quarter-end backlog was approximately $3.67 billion and third-quarter net signed contracts were approximately $727.1 million. These totals represented a decline of 21%, 34% and 31%, respectively, compared to FY 2006's third-quarter results.

For the nine-month period ended July 31, 2007, home building revenues were approximately $3.47 billion and net signed contracts were approximately $2.64 billion, a decline of 19% and 30%, respectively, versus FY 2006's nine-month results.



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