Meritage Homes Corp. Bottom Line Climbs 37% In Q2

(RTTNews) - Meritage Homes Corp. (MTH) revealed a profit for its second quarter that climbed from last year.

The company said its bottom line came in at $39.88 million, or $0.95 per share. This was higher than $29.13 million, or $0.70 per share, in last year's second quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 33.5% to $797.90 million. This was up from $597.80 million last year.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q2): $39.88 Mln. vs. $29.13 Mln. last year. -Earnings Growth (Y-o-Y): 36.9% -EPS (Q2): $0.95 vs. $0.70 last year. -EPS Growth (Y-o-Y): 35.7% -Analysts Estimate: $0.80 -Revenue (Q2): $797.90 Mln vs. $597.80 Mln last year. -Revenue Change (Y-o-Y): 33.5%

-Guidance: Next quarter EPS guidance: $0.80 - $0.85 Full year EPS guidance: $3.55 - $3.85