Meritage Homes reports third quarter 2018 diluted EPS of $1.33; with a 13% increase in pre-tax earnings on 9% growth in home closing revenue; Continued expansion into entry-level market represents o

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Go back to Meritage Homes reports third quarter 2018 diluted EPS of $1.33; with a 13% increase in pre-tax earnings on 9% growth in home closing revenue; Continued expansion into entry-level market represents o

Meritage Homes Corporation (MTH) Misses Q3 EPS by 3c, Revenues Miss

October 24, 2018 4:36 PM EDT

Meritage Homes Corporation (NYSE: MTH) reported Q3 EPS of $1.33, $0.03 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $877.73 million versus the consensus estimate of $892.23 million.

We delivered another quarter of strong earnings performance with a 13% increase in pre-tax earnings, largely due to the success of our shift into the entry-level market over the past couple of years, said Steven J. Hilton, chairman and chief executive officer of Meritage Homes. That performance resulted from a 10% increase in our third quarter home closings -- the second highest number of homes... More