Meritage Homes Corp. Q3 Income Climbs, Beats estimates

(RTTNews) - Meritage Homes Corp. (MTH) released earnings for its third quarter that climbed from the same period last year.

The company's bottom line totaled $200.72 million, or $5.25 per share. This compares with $109.11 million, or $2.84 per share, in last year's third quarter.

Analysts had expected the company to earn $4.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $1.25 billion from $1.13 billion last year.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q3): $200.72 Mln. vs. $109.11 Mln. last year. -EPS (Q3): $5.25 vs. $2.84 last year. -Analysts Estimate: $4.45 -Revenue (Q3): $1.25 Bln vs. $1.13 Bln last year.