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Posted: Wed, Feb 6 2008, 11:27 am EST Post subject: Toll Brothers CEO says buyers are 'hiding' |
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Toll Brothers revenue down 22%, CEO says buyers are 'hiding'
Wednesday February 6, 10:40 am ET
Toll Brothers Inc. saw its fiscal first-quarter home-building revenue drop by 22 percent, and said it doesn't see a rebound in the housing market in the near future.
The Horsham, Pa., high-end home builder also said in preliminary quarterly results it estimates taking between $150 million and $300 million in pre-tax writeoffs .
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http://biz.yahoo.com/bizj/080206/1587024.html |
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