HomeBuilders

[mlkrborn]

Toll Brothers Inc.'s (TOL, $18.75, -$0.74, -3.80%) fiscal fourth-quarter loss widened amid continued write-downs and a choppy housing market, but the luxury home builder said it is seeing some signs of a gradual recovery. The results were largely in line with Toll's preliminary earnings reported last month, which beat Wall Street's expectations and fueled a sharp rise in the company's stock. Still, a cautious tone underpinned the outlook for next year as the company predicted sales will be lower in the current fiscal year amid relatively slow recovery.