Luxury builder Toll Brothers reports $96 million Q1 loss

Luxury home builder Toll Brothers today reported a $96 million net loss in the first quarter of the 2008 fiscal year, or 61 cents per share, with the company's CEO blaming "ceaseless talk of a recession" for sapping consumers' will to buy.

The quarterly loss was larger than Wall Street expectations -- Thomson Financial reported that analysts had expected a quarterly loss of 50 cents per share.

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