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Stock Market & Financial Investment News

News Breaks
January 31, 2013
07:16 EDTMTHMeritage Homes reports Q4 EPS $2.49, consensus 42c
Reports Q4 revenue $364.59M, consensus $355.18M. EPS estimate may not compare. Net income increased $106.9M to $95.1M, $2.49 per diluted share, in Q4. 2012 results included $400,000 of impairments and a net tax benefit of $71.5M due to the reversal of most of the remaining deferred tax asset valuation allowance.
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October 29, 2014
08:07 EDTMTHMeritage Homes reports Q3 home closing gross profit $111.2M
Reports Q3 home closing revenue increased 13% over the prior year, combining a 7% increase in home closings and a 5% increase in the average price of homes closed during the quarter. Respective increases of 31% and 53% in home closing revenue from the Central and East regions more than offset an 11% decline from the West region, which resulted from decreases of 15% and 19% in California and Arizona, respectively, partially offset by a 16% increase in Colorado. Q3 land closing gross profit declined by $3.3 compared to the same period last year. Reports Q3 total order value grew 21% to $573.6M.
08:05 EDTMTHMeritage Homes reports Q EPS 79c, consensus 90c
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