Toll Brothers quarterly profit falls sharply
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Toll Brothers Inc.  on Thursday said the weak U.S. housing market drove down its quarterly profit 67 percent after write-downs for lower land values, and the luxury home builder lowered its forecast.
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Toll Brothers Inc , the largest U.S. luxury home builder, said on Wednesday that it expects to report a 22 percent drop in fiscal first-quarter home-building revenue amid a dire housing market.
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Bank of America Corp  said on Thursday that quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in its investment banking unit.
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Ford Motor Co.  on Tuesday said earnings will fall this year due to a drop in profit from its finance unit, which it expects to be hit by rising interest rates.
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Morgan Stanley and Bear Stearns  Companies posted a drop in quarterly profits on Wednesday,  surprising some investors one day after two other big  investment banks reported a rise in earnings.
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Apparel retailer Talbots Inc.   said on Wednesday that quarterly net profit fell, hurt by heavy  markdowns and declining sales at its flagship Talbots chain.
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Cell phone maker Motorola Inc. on Wednesday said net profits fell sharply in the fourth quarter, and it warned that the recovery in its struggling handset unit will take longer than expected.
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Building products maker  Louisiana-Pacific Corp. LPX.N on Monday posted a sharply  lower quarterly profit, hurt by pricing pressures and higher  costs for fiber, resin and energy, and an unexpectedly high tax  rate.
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The aluminum maker said second-quarter profit slipped nearly 4 percent as outage costs at two smelters weighed down results.
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The chemical maker reported a quarterly profit that was lower than expected, in part due to weak demand from the housing and auto markets.
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Luxury home builder Toll Brothers  posted a 79 percent drop in quarterly net income on Thursday, hurt by a downturn in the U.S. housing market.
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Morgan Stanley and Bear Stearns Companies posted a drop in quarterly profits on Wednesday, surprising some investors one day after two other big investment banks reported a rise in earnings.
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Toll Brothers Inc. , builder of luxury homes, on Tuesday reported a fall in fourth-quarter earnings amid continuing softness in some of the once-hottest U.S. housing markets.
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Comcast Corp., the nation&#39;s biggest cable television company, reported a sharp decline in its profit for the third quarter from results a year ago that included a big gain on the sale of its interest in the home shopping network QVC Inc.
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The Clorox Company, the consumer products maker, posted a lower quarterly profit on Monday, hurt by rising costs for raw materials but helped by a lower tax rate.
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Toll Brothers Inc. , builder of  luxury homes, on Tuesday reported a fall in fourth-quarter  earnings amid continuing softness in some of the once-hottest  U.S. housing markets.
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Talbots Inc.  said on Wednesday that quarterly net profit tumbled, hurt by heavy markdowns and declining sales at its flagship Talbots chain, sending its shares down nearly 15 percent in early electronic trading.