Meritage Homes Corp. Q1 Income Climbs 12%

(RTTNews) - Meritage Homes Corp. (MTH) released a profit for its first quarter that climbed compared to the same period last year.

The company said its bottom line rose to $23.57 million, or $0.56 per share. This was higher than $20.97 million, or $0.50 per share, in last year's first quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q1): $23.57 Mln. vs. $20.97 Mln. last year. -Earnings Growth (Y-o-Y): 12.4% -EPS (Q1): $0.56 vs. $0.50 last year. -EPS Growth (Y-o-Y): 12.0% -Analysts Estimate: $0.43