Dismal 3Q For Meritage Homes
Meritage Homes Corporation (NYSE:MTH) reported a net loss of $3.24 million or 10 cents per share for the third quarter of 2011 compared with a net income of $1.22 million or 4 cents per share in the prior-year quarter. Reported loss per share was significantly lower than the Zacks Consensus Estimate of an income of [...]
Meritage Homes Corporation (NYSE:MTH) reported a net loss of $3.24 million or 10 cents per share for the third quarter of 2011 compared with a net income of $1.22 million or 4 cents per share in the prior-year quarter. Reported loss per share was significantly lower than the Zacks Consensus Estimate of an income of 7 cents per share.
Pre-tax loss in the quarter came in at $3.08 million and included charges of $1.05 million related to real estate and joint venture impairments compared with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards