Meritage Homes (MTH) reported Q4 earnings late Wednesday of $4.72 per diluted share, down from $5.38 a year earlier.

Analysts polled by FactSet expected $2.24.

Home closing revenue for the quarter that ended Dec. 31 was $1.60 billion, down from $1.64 billion a year earlier.

Analysts surveyed by FactSet expected revenue of $1.57 billion.

Shares of Meritage Homes were up 1.5% in after-hours activity.