Meritage Homes Corp. (MTH) announced a third quarter loss of $18 million or $0.56 per share, compared to a loss of $144 million or $4.69 per share in the third quarter last year.
On average, nine analysts polled by Thomson Reuters expected the company to report a loss of $0.63 per share. Analysts' estimates typically exclude special items.
The company said the improved results in 2009 benefited from lower pre-tax real estate-related impairment charges of $13 million in 2009, compared to $55 million of similar charges in 2008.
Total closing revenue for the quarter was $231.8 million, compared to $374.7 million in the previous year period. Seven Wall Street analysts expected revenues of $233.41 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.