Meritage Homes Corp. Q3 Income Climbs 22%

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

The company said its bottom line came in at $36.89 million, or $0.88 per share. This was higher than $30.31 million, or $0.73 per share, in last year's third quarter.

Analysts had expected the company to earn $0.85 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.4% to $752.86 million. This was up from $669.96 million last year.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q3): $36.89 Mln. vs. $30.31 Mln. last year. -Earnings Growth (Y-o-Y): 21.7% -EPS (Q3): $0.88 vs. $0.73 last year. -EPS Growth (Y-o-Y): 20.5% -Analysts Estimate: $0.85 -Revenue (Q3): $752.86 Mln vs. $669.96 Mln last year. -Revenue Change (Y-o-Y): 12.4%