Meritage Homes Corp. Profit Rises In Q3, Beats estimates

China Keeps Loan Prime Rates Unchanged

China kept its main lending rates unchanged for the second straight month as the yuan’s weakness limited the scope for policy loosening.

The People’s Bank of China retained its one-year loan prime rate, or LPR, at 3.65 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was kept unchanged at 4.30 percent.

Previously, the bank had reduced the five-year LPR rate by 15 basis points each in August and May and by 5 basis points in January.

The LPR is fixed monthly based on the submission of 18 banks, though Beijing has influence over the rate-setting. The LPR replaced the central bank’s traditional benchmark lending rate in August 2019.

Markets widely expected the bank to maintain the LPR on Thursday after the medium-term lending facility, which acts as a guide to the LPR, was kept unchanged at 2.75 percent on October 17.

The PBoC had conducted one-year MLF on Monday, to inject CNY 500 billion into the financial system.

Early this week, China delayed the publication of its third quarter GDP data without providing any explanation for the postponement as the release coincided with the 20th party conference of the ruling Communist Party.

The economy was expected to expand at a faster pace of 3.4 percent in the third quarter. Nonetheless, the expected growth is well below Beijing’s growth target of ‘around 5.5 percent’ for the whole year.

The International Monetary Fund last week projected China’s economy to grow 3.2 percent this year, and slashed the forecast for next year to 4.4 percent.

Stewart Information Services Corp Q3 Profit Decreases, misses estimates

Stewart Information Services Corp (STC) released a profit for third quarter that decreased from last year and missed the Street estimates.

The company’s earnings totaled $29.4 million, or $1.08 per share. This compares with $88.7 million, or $3.26 per share, in last year’s third quarter.

Excluding items, Stewart Information Services Corp reported adjusted earnings of $37.5 million or $1.37 per share for the period.

Analysts on average had expected the company to earn $1.75 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 14.4% to $716.4 million from $836.7 million last year.

Stewart Information Services Corp earnings at a glance (GAAP) :

-Earnings (Q3): $29.4 Mln. vs. $88.7 Mln. last year.
-EPS (Q3): $1.08 vs. $3.26 last year.
-Analyst Estimates: $1.75
-Revenue (Q3): $716.4 Mln vs. $836.7 Mln last year.

Tamara Minh Le arrested in shooting death of woman in Aurora’s Mission Viejo neighborhood

A suspect has been arrested in connection to a shooting death in Aurora.

Tamara Minh Le, 31, was taken into custody on Tuesday in connection to a shooting Sunday in the 4100 block of South Mobile Circle, according to a police department news release. She is being held at the Arapahoe County jail on investigation of first-degree murder.

The shooting victim, 39-year-old Najah Jayleen Shumock, was found inside a residence in the Mission Viejo neighborhood on Sunday afternoon. She was taken to a local hospital where she died. An investigation is ongoing.

 

MSA Safety Inc. Q3 Profit Increases, beats estimates

MSA Safety Inc. (MSA) revealed a profit for its third quarter that increased from last year and beat the Street estimates.

The company’s earnings came in at $44.9 million, or $1.14 per share. This compares with $21.2 million, or $0.54 per share, in last year’s third quarter.

Excluding items, MSA Safety Inc. reported adjusted earnings of $1.45 per share for the period.

Analysts on average had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 12.2% to $381.7 million from $340.2 million last year.

MSA Safety Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $44.9 Mln. vs. $21.2 Mln. last year.
-EPS (Q3): $1.14 vs. $0.54 last year.
-Analyst Estimate: $1.24
-Revenue (Q3): $381.7 Mln vs. $340.2 Mln last year.

Merit Medical Systems Inc Q3 Profit Increases, beats estimates

Merit Medical Systems Inc (MMSI) revealed a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company’s earnings totaled $15.3 million, or $0.27 per share. This compares with $12.0 million, or $0.21 per share, in last year’s third quarter.

Excluding items, Merit Medical Systems Inc reported adjusted earnings of $37.0 million or $0.64 per share for the period.

Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 7.6% to $287.2 million from $267.0 million last year.

Merit Medical Systems Inc earnings at a glance (GAAP) :

-Earnings (Q3): $15.3 Mln. vs. $12.0 Mln. last year.
-EPS (Q3): $0.27 vs. $0.21 last year.
-Analyst Estimate: $0.53
-Revenue (Q3): $287.2 Mln vs. $267.0 Mln last year.

-Guidance:
Full year EPS guidance: $2.55 – $2.61
Full year revenue guidance: $1.145 – $1.151 bln

Meritage Homes Corp. Profit Rises In Q3, Beats estimates

Meritage Homes Corp. (MTH) revealed earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company’s bottom line came in at $262.5 million, or $7.10 per share. This compares with $200.8 million, or $5.25 per share, in last year’s third quarter.

Analysts on average had expected the company to earn $6.45 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 26.4% to $1.58 billion from $1.25 billion last year.

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

-Earnings (Q3): $262.5 Mln. vs. $200.8 Mln. last year.
-EPS (Q3): $7.10 vs. $5.25 last year.
-Analyst Estimate: $6.45
-Revenue (Q3): $1.58 Bln vs. $1.25 Bln last year.