(To read more on the debt and equity markets, click here.)
HORSHAM, PA-Locally based Toll Brothers Inc.'s fortunescontinued to fall in the homebuilder's fiscal fourth quarter. Netincome was $173.8 million, down 44% from $310.3 million in the samequarter a year ago, and revenue fell 10% to $1.8 billion, down fromjust north of $2 billion in fourth quarter 2005.
However, for the first time in several quarters, Robert Toll,chairman and CEO, reported tentative signs of hope 15 months intothe slowdown. During a conference call he said, "We may be seeing afloor in some markets where deposits and traffic, although erraticfrom week to week, seem to be dancing on the bottom or slightlyabove."
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