Meritage Homes (NYSE:MTH) reported quarterly earnings of $0.86 per share which missed the analyst consensus estimate of $1.01 by 14.85 percent. This is a 49.71 percent decrease over earnings of $1.71 per share from the same period last year. The company reported quarterly sales of $1.117 billion which missed the analyst consensus estimate of $1.196 billion by 6.59 percent. This is a 17.75 percent decrease over sales of $1.358 billion the same period last year.