Meritage Homes Corp. Bottom Line Declines In Q3

(RTTNews) - Meritage Homes Corp. (MTH) revealed a profit for third quarter that Drops, from last year

The company's earnings came in at $67.78 million, or $1.04 per share. This compares with $99.30 million, or $1.39 per share, last year.

Excluding items, Meritage Homes Corp. reported adjusted earnings of $72.49 million or $1.11 per share for the period.

The company's revenue for the period fell 17.5% to $1.168 billion from $1.415 billion last year.

Meritage Homes Corp. earnings at a glance (GAAP) :

-Earnings: $67.78 Mln. vs. $99.30 Mln. last year. -EPS: $1.04 vs. $1.39 last year. -Revenue: $1.168 Bln vs. $1.415 Bln last year.