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| Toll Brothers reports 2Q results Toll Brothers Inc, the largest US luxury home builder, reported final second-quarter and six-month results for the periods ended April 30, 2008. In FY 2008's second quarter, the company generated a net loss of $93.7 million, or $0.59 per share diluted. For comparison, FY 2007's second-quarter net income was $36.7 million, or $0.22 per share diluted. Excluding write-downs, FY 2007's second-quarter earnings were $109.6 million, or $0.66 per share diluted. In FY 2008's first six months, Toll Brothers generated a net loss of $189.7 million, or $1.20 per share diluted. For comparison, FY 2007's six-month net income was $91.0 million, or $0.55 per share diluted. For FY 2008's second quarter, total revenues of $818.8 million were 30% lower than FY 2007's second-quarter total of $1.17 billion. For FY 2008's first six months, total revenues of $1.66 billion were 27% lower than FY 2007's same-period total of $2.27 billion. write your comments about the article :: © 2008 Construction News :: home page |