SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Meritage Homes Corp. (MTH) on Wednesday reported second-quarter net income of $231.6 million.
The Scottsdale, Arizona-based company said it had net income of $6.31 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $5.17 per share.
The homebuilder posted revenue of $1.7 billion in the period. Its adjusted revenue was $1.69 billion, also topping Street forecasts. Nine analysts surveyed by Zacks expected $1.58 billion.
Meritage expects full-year earnings to be $19.80 to $21 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTH at https://www.zacks.com/ap/MTH
