RE/MAX Holdings (RMAX) Reports Q2 EPS of $0.46

RE/MAX Holdings (NYSE: RMAX) reported Q2 EPS of $0.46, versus $0.48 reported last year. Revenue for the quarter came in at $43.5 million, versus $44.28 million reported last year.

GUIDANCE:

RE/MAX Holdings sees Q3 2016 revenue of $43.5-44.5 million.

RE/MAX Holdings sees FY2016 revenue of $169.8-171.6 million.

"Robust agent-count growth led to solid second quarter results. Combined agent-count growth in the U.S. and Canada, where revenue per agent is the highest in our global network, was at the high end of our expectations, while international agent-count growth exceeded our estimates," stated Dave Liniger, Chief Executive Officer and Co-Founder of RE/MAX. "The entire RE/MAX team—agents, franchisees and the staff at headquarters—continues to focus on growing the highest quality real estate network in the world. With a strong brand, our highly productive network, a steadily improving U.S. housing market and consistent execution of our strategic plan, we are well positioned for continued success in the second half of the year."

For earnings history and earnings-related data on RE/MAX Holdings (RMAX) click here.

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