December 3, 2009
HORSHAM, Pa., Dec. 3, 2009 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation’s leading builder of luxury homes, today reported a FY 2009 fourth-quarter net loss of $111.4 million, or $0.68 per share diluted. The loss included $85.5 million of non-cash pre-tax inventory write-downs, a pre-tax charge of $11.6 million due to early retirement of debt and a $14.6 million non-cash expense for deferred tax asset valuation allowances. Excluding write-downs and charges for early retirement of debt, FY 2009′s fourth quarter pre-tax loss was $9.6 million.
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November 16, 2009
BOSTON, Nov. 16, 2009 (GLOBE NEWSWIRE) — Sonesta International Hotels Corporation (Nasdaq:SNSTA) today reported net income of $27,379,000, or $7.41 per share, in the quarter ended September 30, 2009, compared to net income of $2,792,000, or $0.76 per share, in the quarter ended September 30, 2008. Operating revenues, excluding other revenues from managed and affiliated properties, were $14,517,000 in the 2009 quarter, compared to $16,398,000 in the 2008 quarter. The Company had operating income of $148,000 in the third quarter of 2009, compared to operating income of $4,411,000 during the same period in 2008.
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