Marcus & Millichap (MMI) Reports Q4 Revenues of $202.8 Million
Marcus & Millichap (NYSE: MMI) reported Q4 EPS of $0.52, $0.13 better than the analyst estimate of $0.39. Revenue for the quarter came in at $202.8 million versus the consensus estimate of $189.09 million.
"Net income was $8.5 million, or $0.22 per common share (basic and diluted), which included a $11.6 million one- time charge in connection with the remeasurement of deferred tax assets, net due to the enactment of the Tax Cuts and Jobs Act. Adjusted net income was $20.1 million, or $0.52 per common share, basic and $0.51 per common share, diluted when excluding this charge."
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