News Feed » Toll Brothers

Overnight Market News – August 27, 2009

admin — Thu, 27 Aug 2009 15:31:53 +0000

Economists Expect US Commerce Report to Show that the Economy Shrank at an Annualized Rate of 1.5% in Q02 2009 vs US Government’s Projection of a 1% Contraction
French Bank, Credit Agricole SA More than Doubles Second Quarter Net Income to EUR 201mm (USD 286mm) on Fewer Writedowns
Spirits-Maker, Diageo PLC Posts 7% Increase in Full-Year Net Profit to GBP 1.62B, Trims 2010 Earnings Guidance on Economic Concerns
China’s Biggest Bank by Assets, Bank of China Ltd Half-Year Profit Slips 2.5% to CNY 41.1B (USD 6B) on Reduced Margins
Toll Brothers Inc, the US’ Biggest Luxury Homebuilder, Widens Third Quarter Loss to USD 2.93 per Share from USD 0.18 a Year Ago on Hefty Taxation and Reduced Demand
Crude Oil Stands at USD 71.43 per Barrel
Ethanol Stands at USD 1.73 per Gallon
Natural Gas Stands at USD 2.91 per British Thermal Unit (Btu)
Gold Stands at USD 944.30 per Troy Ounce
Dow Jones Industrial Average Rises 4.23 Points (0.04%)
London FTSE Index Rises 1.51 Points (0.03%)
Japan Nikkei Index Falls 165.74 Points (-1.56%)
Hong Kong Hang Seng Index Falls 213.57 Points (-1.04%)
Brazil Bovespa Index Rises 344.26 Points (0.6%)

Citigroup Downgrades Toll Brothers To “Hold” From “Buy”

admin — Tue, 25 Aug 2009 19:28:11 +0000

After being hit hard by the downturn in the construction industry, Toll Brothers Inc. received yet another blow yesterday, as the luxury homebuilder was downgraded to “hold” from “buy” at Citigroup Inc. – which cautioned investors should “wait for a more compelling entry point” to purchase the stock.

Added to this, many analysts are not convinced that Toll Brothers will be able to deliver improved results any time soon given that its focus is on producing high-end homes, for which demand is still depressed.

Toll Brothers Reports Bad News

admin — Thu, 04 Jun 2009 22:37:40 +0000

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.

Overnight Market News – June 3, 2009

admin — Wed, 03 Jun 2009 16:19:07 +0000

Toll Brothers Posts Loss per Share of USD 0.52, Compared With A Loss of USD 0.59 Year-Over-Year for Fiscal Second Quarter through April
Microsoft Corp to Launch Windows 7 Operating System to Replace Vista on October 22, Ahead of Schedule
Australia’s Economy Avoids Recession After Economy Grew 0.4% in Q01 2009
European Central Bank (ECB) Staff to Hold First-Ever Strike Later Today, Just One Day before Bank to Reveal Plans for Asset Purchase Programme
General Motors Corp (GM) to Sell Hummer Brand to China’s Tengzhong Heavy Industrial Machinery Co
Demand for US Government’s Term Asset-Backed Securities Loan Facility (TALF) Loans, Aimed to Boost Consumer and Small Business Lending, Increases to USD 11.5B this Month
Crude Oil Stands at USD 68.10 per Barrel
Ethanol Stands at USD 1.88 per Gallon
Natural Gas Stands at USD 4.13 per British Thermal Unit (Btu)
Dow Jones Industrial Average Rises 19.43 Points (0.22%)
London FTSE Index Falls 88.34 Points (-1.97%)
Japan Nikkei Index Rises 37.36 Points (0.38%)
Hong Kong Hang Seng Index Rises 187.39 Points (1.02%)
Brazil Bovespa Index Falls 486.77 Points (-0.89%)