SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Meritage Homes Corp. (MTH) on Wednesday reported second-quarter net income of $146.9 million.
The Scottsdale, Arizona-based company said it had net income of $2.04 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.
The homebuilder posted revenue of $1.63 billion in the period. Its adjusted revenue was $1.62 billion, also beating Street forecasts. Ten analysts surveyed by Zacks expected $1.59 billion.
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