Meritage Homes Q1 EPS $1.69, Inline, Sales $1.36B Beat $1.34B Estimate

Meritage Homes (NYSE:MTH) reported quarterly earnings of $1.69 per share which met the analyst consensus estimate. This is a 33.2 percent decrease over earnings of $2.53 per share from the same period last year. The company reported quarterly sales of $1.36 billion which beat the analyst consensus estimate of $1.34 billion by 1.58 percent. This is a 7.49 percent decrease over sales of $1.47 billion the same period last year.