Toll Brothers Inc (TOL.N)
U.S. luxury home builder Toll Brothers Inc on Tuesday reported its first fall in quarterly orders in more than four years as rising mortgage rates and higher home prices hit demand, sending its shares down as much as 10 percent.
* Orders decline the most in California, Toll's biggest market
Dec 4 U.S. luxury home builder Toll Brothers Inc said on Tuesday its quarterly profit rose 62.1 percent, as it sold more homes at higher prices.
* Indexes up: S&P 0.21 pct, Dow 0.25 pct, Nasdaq 0.49 pct (Updates to close)
* Indexes up: S&P 0.37 pct, Dow 0.42 pct, Nasdaq 0.58 pct (Updates to late afternoon, changes byline, adds NEW YORK to dateline)
Aug 21 The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute.
Toll Brothers Inc topped estimates for quarterly profit and revenue on strong demand for its luxury homes, sending its shares up 12 percent in early trading and pushing other homebuilder stocks higher. | Video
* Shares up 12 percent (Adds analyst quote, homebuilders shares)
Aug 21 U.S. stock index futures rose on Tuesday, helped by some encouraging earnings reports and hopes that planned trade talks between the United States and China will help resolve the dispute between the world's two largest economies.
Aug 21 Toll Brothers Inc on Tuesday reported better-than-expected quarterly results on strong demand for its luxury homes, sending its shares up 12 percent.