toll brothers inc

Toll Brothers Inc. said Wednesday that its fiscal third-quarter net income rose 54 percent, partly helped by a higher tax benefit.

But the nation's biggest luxury homebuilder narrowed its full-year home delivery outlook, as market conditions remain unstable.

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before The Market Opens Economic: 7:00am EDT

• MBA Mortgage Index - no Street consensus

Durable Orders - Street sees 1.9%

UPGRADES: Bank of America upgrades Semi Manufacturing International (NYSE: SMI) from Underperform to Neutral.

Wells Fargo Securities upgrades Toll Brothers, Inc. (NYSE: TOL) Market Perform to Outperform with a $24-$26 valuation. Click Here for more color.

Deutsche Bank upgrades Smithfield Foods (NYSE: SFD) from Hold to Buy and raised their price target from $12 to $20.

Toll Brothers Inc. says it lost $472.3 million in its fiscal third quarter, as the luxury homebuilder took a large tax hit.

Toll Brothers Inc. says 3 percent more homebuyers signed contracts in its fiscal third quarter, the first annual increase in four years.

Toll Brothers Inc. says it lost $83.2 million, or 52 cents a share, in its fiscal second quarter as the luxury home builder continues to reduce the value of land and unsold homes on its books.

Toll Brothers Inc. said Wednesday its homebuilding revenue dropped by 51 percent in its fiscal second quarter, but the luxury homebuilder sees signs the real estate market is recovering.