Wednesday, April 7, 2010 as of 11:14 AM ET
Robert D. Tollison (born 1942) is an American economist who specializes in public choice theory.
Read More at Wikipedia ›Toll Brothers (NYSE:TOL) disclosed a surprise first-quarter loss on Wednesday as the luxury homebuilder suffered from a drop-off in deliveries.
Shares of Horsham, Pa.-based Toll Brothers slumped nearly 3% ahead of the open on the weaker-than-expected figures.The homebuilder said it lost $2.8 million, or 2 cents a share, last quarter, compared with a profit of $3.4 million, or 2 cents a share, a year earlier. Analysts had called for a profit of 2 cents a share.Revenue slipped 3.6% to $322 million, missing the Street’s view of $361 million.“Although historically, our first quarter is the most challenging time to gauge sentiment among home buyers, in general the market feels healthier than it did one year ago,” CEO Douglas Yearley, Jr. said in a statement, pointing to strength in New York City, along the Washington, D.C.-to-Boston corridor and in Houston and Dallas.Toll Brothers said quarterly deliveries fell 1% year-over-year to 564 units, while net signed contracts jumped 45% to $444.7...Toll Brothers Inc (NYSE:TOL) posted a higher quarterly profit, helped by a rise in orders, but the U.S. luxury builder narrowed its home delivery outlook for the yea...
* New home sales fall 12.4 percent in July from June (Updates shares, adds conference call comments, background, graphic)By Helen ChernikoffNEW YORK (Reuters) - U.S....
By Helen ChernikoffNEW YORK (Reuters) - U.S. luxury homebuilder Toll Brothers Inc beat Wall Street expectations and reported its first profit in three years Wednesda...
Toll Brothers EVP Douglas Yearley on how his company is preparing for 2010.
