Though it appears that some U.S. home buyers are ready to re-enter the market, luxury homebuilder Toll Brothers Inc. may have quite a wait before it reaps the benefits. After reporting a wider-than-expected quarterly loss of US$0.52 per share (vs a US$0.59 loss per share YOY), Toll Brothers said it would not be releasing an earnings outlook for the full year given the uncertainties it still faces.
Toll Brothers has been hammered by hefty land write-downs and tumbling revenues. Its shares plunged 6.61% to close at US$18.24 yesterday.
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