Meritage Homes Stock Up 16% Today After Earnings

Shares of Meritage Homes Corp. (NYSE: MTH) are up 15.8% at 12:41 p.m. EDT on July 25, following the company's second-quarter earnings report, which it released after-hours on July 24.

It looks like investors are responding favorably to a few things in the company's results. These include Meritage beating Wall Street analyst estimates for both revenue and earnings.

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