Meritage Homes Corp. Earnings Climb 4% In Q2

(RTTNews) - Meritage Homes Corp. (MTH) announced a profit for its second quarter that advanced compared to the same period last year.

The company said its bottom line rose to $41.58 million, or $0.98 per share. This was higher than $39.88 million, or $0.95 per share, in last year's second quarter.

Analysts had expected the company to earn $0.76 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.5% to $801.98 million. This was up from $797.89 million last year.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q2): $41.58 Mln. vs. $39.88 Mln. last year. -Earnings Growth (Y-o-Y): 4.3% -EPS (Q2): $0.98 vs. $0.95 last year. -EPS Growth (Y-o-Y): 3.2% -Analysts Estimate: $0.76 -Revenue (Q2): $801.98 Mln vs. $797.89 Mln last year. -Revenue Change (Y-o-Y): 0.5%