Meritage Homes Corp. Profit Climbs 15% In Q3

(RTTNews) - Meritage Homes Corp. (MTH) revealed earnings for its third quarter that gained ground from last year.

The company said its bottom line rose to $42.55 million, or $1.02 per share. This was up from $36.89 million, or $0.88 per share, in last year's third quarter.

Analysts had expected the company to earn $0.92 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q3): $42.55 Mln. vs. $36.89 Mln. last year. -Earnings Growth (Y-o-Y): 15.3% -EPS (Q3): $1.02 vs. $0.88 last year. -EPS Growth (Y-o-Y): 15.9% -Analysts Estimate: $0.92