Realogy Holdings (RLGY) Misses Q3 EPS by 9c, Revenues Miss

Realogy Holdings (NYSE: RLGY) reported Q3 EPS of $0.84, $0.09 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.72 billion.

"This quarter we generated substantial revenue, Operating EBITDA and Free Cash Flow, as well as maintained our market share, all despite the past few months of housing market softness," said Ryan Schneider, Realogy's chief executive officer and president. "We remain optimistic about the future and continue to invest to drive top and bottom line growth. We are launching two new franchise brands to grow our franchise revenue, enhancing our value to agents with new products and expanding our use of technology and data."

"With our size, scale and healthy balance sheet, we believe we are well-positioned to weather shifts in market conditions as we continue to invest in multiple avenues of growth," said Anthony E. Hull, Realogy's executive vice president, chief financial officer and treasurer. "We are on track with our cost reductions and continue to return capital to shareholders."

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

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