November 11, 2008 / 2:18 PM / 12 years ago

Toll Brothers falls 5 percent, expects revenue slide

Robert Toll, Chairman and Chief Executive Officer of Toll Brothers Inc., answers questions during the Reuters Housing Summit, in New York, February 20, 2008. REUTERS/Chip East

NEW YORK (Reuters) - Shares of Toll Brothers (TOL.N) fell 5.1 percent before the bell on Tuesday as the luxury home builder said it expects a 41 percent decline in fourth-quarter home-building revenue.

Toll shares last traded at $17.99, down from a close of $18.95 on Monday on the New York Stock Exchange.

Reporting by Rodrigo Campos; Editing by Theodore d'Afflisio

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