Meritage Homes Corp. (MTH) announced that its fourt-quarter net profit was $43.29 million or $1.35 per share, compated to a net loss of $79.15 million or $2.58 per share in the fourth quarter of 2008.
Adjusted loss before income taxes for the quarter was $8.26 million, compared to profit of $871 thousand in the year ago quarter.
Total closing revenue for the quarter was $285.82 million, down from $399.58 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.44 per share on revenues of $285.01 million for the quarter. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.