(RTTNews) - 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 - $1.70 Next quarter revenue guidance: $1.46 - $1.54 Bln
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