Realogy Holdings (RLGY) Q3 Revenue Falls Short of Consensus; Announces $275M Buyback

Realogy Holdings (NYSE: RLGY) reported Q4 revenue of $1.33 billion versus the consensus estimate of $1.37 billion.

Share Repurchase Program

Realogy today announced that its Board of Directors has authorized a share repurchase program of up to $275 million of the Company's common stock. Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. The size and timing of these repurchases will depend on price, market and economic conditions, legal and contractual requirements and other factors. The repurchase program has no time limit and may be suspended or discontinued at any time. The Company had approximately 146.7 million shares of common stock outstanding as of December 31, 2015.

For earnings history and earnings-related data on Realogy Holdings (RLGY) click here.

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