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Stock Market & Financial Investment News

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July 24, 2014
08:11 EDTMTHMeritage Homes reports Q2 EPS 85c, consensus 81c
Reports Q2 revenue $505.6M, consensus $513.98M. Reports home closing revenue increased 15% in Q2 over the prior year, combining a 4% increase in home closings and a 12% increase in the average price of homes closed during the quarter, partially due to a greater proportion of larger homes in higher-priced communities.
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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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