Meritage Homes Corp. (MTH) released a profit for third quarter that Drops, from the same period last year
The company's bottom line came in at $99.29 million, or $1.39 per share. This compares with $195.96 million, or $2.67 per share, last year.
Excluding items, Meritage Homes Corp. reported adjusted earnings of $110.48 million or $1.55 per share for the period.
The company's revenue for the period fell 12.0% to $1.39 billion from $1.58 billion last year.
Meritage Homes Corp. earnings at a glance (GAAP) :
-Earnings: $99.29 Mln. vs. $195.96 Mln. last year.-EPS: $1.39 vs. $2.67 last year.-Revenue: $1.39 Bln vs. $1.58 Bln last year.
-Guidance:Next quarter EPS guidance: $1.51 - $1.70Next quarter revenue guidance: $1.46 - $1.54 Bln
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.