Investing.com - Meritage (NYSE:MTH) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Meritage announced earnings per share of $7.10 on revenue of $1.58. Analysts polled by Investing.com anticipated EPS of $6.49 on revenue of $1.65B.
Meritage shares are up 102.69% from the beginning of the year, still down 41.98% from its 52 week high of $125.01 set on December 13, 2021.
Meritage follows other major Consumer Discretionary sector earnings this month
Meritage's report follows an earnings beat by Tesla on October 19, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on September 29 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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