UPDATE 2-Toll Brothers profit beats estimates on lower tax provision May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit, helped by a lower tax provision. The market consists of Arizona, California, Colorado, Nevada and Washington. The company's shares fell as much as 3.7 percent to $35.63 on the New York Stock Exchange on Wednesday.
Housing heats up While housing data points to an improving market, the sector still faces some major challenges.
US stocks set to bounce back, dollar in focus U.S. stock index futures pointed to a higher open on Wednesday, following Europe into positive territory shrugging off Tuesday's weak close and a surge in the U.S. dollar.
| By: Jenny Cosgrave
UPDATE 1-Homebuilder Toll Brothers profit beats estimates May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit and raised the low end of its average selling price forecast for the full year as demand strengthens. The company raised the low end of its average selling price range to $730,000 from $725,000. Net income rose to $67.9 million, or 37 cents per share,...