Meritage Homes Corp. (MTH) Tops Q2 EPS Views

Meritage Homes Corp. (NYSE: MTH) reported Q2 EPS of $0.24, $0.18 better than the analyst estimate of $0.06. Revenue for the quarter came in at $0 versus the consensus estimate of $280.23 million.

Net order value increased 63% over the prior year, due to 49% growth in orders and a 10% increase in average prices in the second quarter of 2012 compared to 2011. Net orders also increased by 18% sequentially to 1,353 in the second quarter of 2012 from 1,144 in the first quarter, resulting in the highest level of quarterly orders for Meritage since the second quarter of 2008.

For earnings history and earnings-related data on Meritage Homes Corp. (MTH) click here.

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