Filed under: Earnings reports, Forecasts, Toll Brothers (TOL), Housing

Luxury homebuilder Toll Brothers Inc. (NYSE: TOL) is scheduled to discuss its fiscal third-quarter 2009 results tomorrow in a conference call at 2:00 PM ET hosted by CEO Robert I. Toll. You can catch the live webcast of the call on the company’s website.

Current good news about the housing sector ought to be good news for homebuilders such as Toll Brothers. Yet, for the three months that ended July 31, analysts surveyed by Thomson Reuters expect the Pennsylvania-based company to report that its net loss widened to $1.74 per share from $0.18 per share a year ago. That largely due to the fact that revenue for the quarter is expected to have fallen 42.3% to $460.2 million, because of of falling home prices, tighter mortgage lending standards, and rising unemployment.

Continue reading Toll Brothers earnings preview: A large Q3 loss expected

Toll Brothers earnings preview: A big Q3 loss expected originally appeared on BloggingStocks on Wed, 26 Aug 2009 17:20:00 EST. Please see our terms for use of feeds.

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This entry was posted on Thursday, August 27th, 2009 at 3:56 am and is filed under Real Estate and Housing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.