JPMorgan Downgrades Realogy (RLGY) to Neutral
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Realogy Reports Financial Results For Full Year 2015
February 24, 2016 7:25 AM ESTMADISON, N.J., Feb. 24, 2016 /PRNewswire/ -- Realogy Holdings Corp. (NYSE: RLGY), the preeminent provider of residential real estate services in the United States, today reported financial results for the full year ended December 31, 2015, including the following highlights:
Revenue of $5.7 billion, which represents a 7% increase compared to 2014, was primarily driven by higher homesale transaction volume. Net income was $184 million, a 29% increase from the prior year, and basic earnings per share was $1.26, up from $0.98 in 2014 (See Table 1). Adjusted net income for the year was $219 million, and... More