Toll Brothers Cuts Losses in Half, Points to Signs of Rebound Ahead

Luxury home builder Toll Brothers (TOL) beat analysts' expectations and cut its losses to $0.25 per share diluted or $40.8 million in the first quarter of fiscal 2010, compared to $0.55 per share diluted or $88.9 million for the period a year ago. Analysts had been expecting a loss of $0.35 per share.