Toll Brothers Inc. (NYSE:TOL) has reported a Q4 revenue totaling $632.83 million, consensus $566.74 million. Also included in Q4 was a net tax benefit of $350.7 million, which included the reversal of $400 milion of Toll Brother’s deferred tax asset valuation reserves against its deferred tax asset, which was offset by a tax provision of $49.3 million.
Darden Restaurants, Inc. (NYSE:DRI) anticipates the transaction and closing costs that are associated with the purchase of Yard House, and it will have adverse effects upon diluted net earnings per share from ongoing operations for its fiscal second quarter by about 5c. Also, the company has reported that Hurricane Sandy had an adverse effect on diluted net earnings per share from ongoing operations for its fiscal Q2 by nearly 1c.
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Big Lots Inc. (NYSE:BIG) sees its effective tax rate at 38 to 38.5 percent, and it sees its adjusted income from continuing ops for U.S. operations for FY12 at $3.17 to $3.27. The company’s total sales have increased 1 to 3 percent, and its SSS declined in low single digits. Furthermore, the company sees a net loss of (26c) to (22c), along with sales of $154 million to $158 million for Canadian operations for FY12. These comments were made on the Q3 earnings conference call.
Apple Inc. (NASDAQ:AAPL): A move by Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) is intended to combat Apple’s iPad in the $63.2 billion tablet market, but so far, it has been a slow start, according to Bloomberg.
AT&T, Inc. (NYSE:T) is the best wireless provider in Nashville, states a study by RootMetrics, which is a company based in Bellevue, Washington. This study of cell phone service is based on thousands of data, call, and text tests throughout the Nashville area, and it scores carriers according to speed and reliability of data networks, the amount of dropped and blocked calls, and the speed of text services.
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