Friday, July 6, 2007

Meritage Homes sees revenue drop, to take charges

(Reuters) - BOSTON, July 6 - Meritage Homes Corp. said on Friday it expects second-quarter revenue to be down about 37 percent from a year ago and to record more than $100 million in charges as it struggles in a weak U.S. housing market.



The home builder said it has been particularly hard hit in the area of Fort Myers and Naples, along Florida's Gulf coast.


Read more at Reuters.com Bonds News

No comments: