Meritage: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 04:42 PM ET
Last Updated - Apr 24, 2024, 04:42 PM EDT
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Meritage Homes Corp. (MTH) on Wednesday reported first-quarter net income of $186 million.
The Scottsdale, Arizona-based company said it had profit of $5.06 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.
The homebuilder posted revenue of $1.47 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $1.28 billion.
