Meritage Homes (NYSE:MTH) Reports Sales Below Analyst Estimates In Q3 Earnings, Stock Drops

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Meritage Homes' Q3 earnings disappoint, with revenue down 11% YoY and EPS missing expectations. The homebuilder's slowing revenue growth and declining backlog raise concerns. Despite strong historical financials, Meritage faces headwinds due to higher costs and shrinking new orders. Wall Street predicts modest revenue growth and potential EPS drop in the next year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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