05:57 PM EDT, 07/24/2024 (MT Newswires) -- Meritage Homes ( MTH ) reported Q2 earnings late Wednesday of $6.31 per diluted share, up from $5.02 a year earlier.

Analysts polled by Capital IQ expected $5.14.

Revenue in the three months ended June 30 rose to $1.69 billion from $1.57 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.56 billion.

The company expects 2024 earnings of $19.80 to $21 per diluted share on revenue of $6.1 billion to $6.3 billion versus EPS of $19.20 to $20.70 on revenue of $6 billion to $6.2 billion forecast on April 24. Analysts surveyed by Capital IQ expect EPS of $20.21 on revenue of $6.21 billion.

Shares of the company rose 2.8% in after-hours activity.

Price: 196.79, Change: +5.27, Percent Change: +2.75