India, April 23 -- Meritage Homes Corporation (MTH) reported first-quarter net income of $122.81 million or $1.69 per share, compared to $186.02 million or $2.53 per share last year.
Total closing revenues for the quareter were $1.36 billion, compared to $1.47 billion last year.
Looking forward, the company reiterated its full-year guidance of home closing volume of 16,250 - 16,750 units, and home closing revenues of $6.6 billion to $6.9 billion.
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