Meritage Homes (NYSE:MTH) reported quarterly earnings of $1.37 per share which missed the analyst consensus estimate of $1.38 by 0.72 percent. This is a 32.84 percent decrease over earnings of $2.04 per share from the same period last year. The company reported quarterly sales of $1.400 billion which missed the analyst consensus estimate of $1.423 billion by 1.61 percent. This is a 13.79 percent decrease over sales of $1.624 billion the same period last year.