05:37 PM EDT, 10/29/2024 (MT Newswires) -- Meritage Homes ( MTH ) reported Q3 earnings late Tuesday of $5.34 per diluted share, down from $5.98 a year earlier.

Analysts polled by Capital IQ expected $4.97.

Home closing revenue for the quarter that ended Sept. 30 was $1.59 billion, down from $1.61 billion a year earlier.

Analysts surveyed by Capital IQ expected revenue of $1.59 billion.

The company expects Q4 earnings of $4.10 to $4.60 per diluted share. Analysts surveyed by Capital IQ expect $4.67.

The company expects Q4 home closing revenue of $1.50 billion to $1.59 billion. Analysts polled by Capital IQ expect revenue of $1.58 billion.

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