The Real Deal New York

Toll Brothers sees 79% net loss

May 24, 2007 12:00AM

Luxury home builders Toll Brothers announced this morning that its second quarter net income was down 79 percent. The firm’s earnings for the quarter were $36.7 million, down from $174.9 million at this time last year. Toll said earlier this month that the fallout from the collapse of the subprime mortgage industry is affecting the company’s bottom line. more [WSJ]

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