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June 5, 2009

Toll Brothers narrows second quarter loss

HORSHAM, Pa., (AP) — Toll Brothers said it lost $83.2 million, or 52 cents a share, in its fiscal second quarter as the luxury home builder continues to reduce the value of land and unsold homes on its books.

The results are slightly better than the $93.7 million, or 59 cents a share, Toll lost in the second quarter last year, as the company took fewer write-downs.


 
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