Meritage Homes Corp. Bottom Line Declines 2% In Q4

(RTTNews) - Meritage Homes Corp. (MTH) announced a profit for fourth quarter that decreased from last year.

The company said its profit declined to $51.81 million, or $1.22 per share. This was lower than $52.90 million, or $1.26 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.1% to $876.09 million. This was up from $761.37 million last year.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q4): $51.81 Mln. vs. $52.90 Mln. last year. -Earnings Decline (Y-o-Y): -2.1% -EPS (Q4): $1.22 vs. $1.26 last year. -EPS Decline (Y-o-Y): -3.2% -Analysts Estimate: $1.14 -Revenue (Q4): $876.09 Mln vs. $761.37 Mln last year. -Revenue Change (Y-o-Y): 15.1%