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Meritage Homes Corp. Announces Advance In Q1 Bottom Line

Meritage Homes Corp. (MTH) revealed a profit for its first quarter that advanced from last year.

The company's profit totaled $43.87 million, or $1.07 per share. This compares with $23.57 million, or $0.56 per share, in last year's first quarter.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Meritage Homes Corp. earnings at a glance:

-Earnings (Q1): $43.87 Mln. vs. $23.57 Mln. last year.
-EPS (Q1): $1.07 vs. $0.56 last year.
-Analysts Estimate: $0.73

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