SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Meritage Homes Corp. (MTH) on Wednesday reported first-quarter earnings of $122.8 million.
The Scottsdale, Arizona-based company said it had profit of $1.69 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The homebuilder posted revenue of $1.36 billion in the period, which beat Street forecasts. Nine analysts surveyed by Zacks expected $1.34 billion.
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