Toll posts lower profit
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Toll Brothers Inc. , which builds luxury homes, reported lower quarterly earnings on Tuesday amid a slowdown in the U.S. housing market, sending its shares down more than 3 percent before the market opened.
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Luxury home builder Toll Brothers Inc.  on Thursday said it expects to see a double-digit drop in fiscal first-quarter revenue and orders, but cancellations were down from the prior quarter.
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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Luxury home builder Toll Brothers  said quarterly profit fell 79 percent, hurt by the U.S. housing slump, but its shares rose on Thursday along with its sector after government data showed a better-than-expected rise in new home sales.
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The phone provider reported a 14.6 percent drop in third-quarter profit on flat revenue and a continued loss of local access lines.
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Del Monte Foods Co.  posted lower quarterly profit on Thursday due to rising ingredient costs and weak consumer demand for branded food and pet products.
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Alcoa Inc. , the world's biggest aluminum producer, on Monday posted a lower net profit, despite higher revenue from soaring metal prices, because it took a charge for divesting non-core businesses.
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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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BellSouth Corp. , the No. 3 U.S. telecommunications company, on Tuesday said its fourth-quarter operating earnings fell due to lower profits from its stake in Cingular Wireless and higher costs in its wireline telephone business.
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The company said that one-time costs and a recall of Easy-Bake Ovens drove its second-quarter profit well below year-ago results.
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Altria Group Inc.  posted lower quarterly profit on Wednesday, due in part to costs for closing a U.S. cigarette plant as it moves some production to Europe in a move to cut costs and reduce excess capacity.
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Aramark Corp.  on Wednesday  posted lower quarterly profit due to a charge for weakness in  its uniform business and costs for terminating two food-service  contracts.
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LONDON, Feb. 6  â BP said Tuesday that its fourth-quarter profit fell 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending.
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Kraft Foods Inc. KFT.N on Tuesday  posted lower quarterly profit, weighed down by restructuring  charges.
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The Washington Post Co. said yesterday that its fourth-quarter profit was down 7 percent, to $95.5 million from $102.4 million in the fourth quarter of 2005, despite a 10 percent gain in revenue.
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Luxury home builder Toll Brothers Inc.  on Thursday said it expects to report a 19-percent drop in home-building revenue.
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BOSTON/NEW YORK  - Luxury home builder Toll Brothers Inc.  reported a 44 percent drop in quarterly profit on Tuesday but signaled that the worst may be over for the sagging U.S. housing market.