Marcus & Millichap, Inc. Reports Results for First Quarter 2019
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Marcus & Millichap (MMI) Misses Q1 EPS by 2c, Revenues Miss
May 7, 2019 5:02 PM EDTMarcus & Millichap (NYSE: MMI) reported Q1 EPS of $0.40, $0.02 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $160.7 million versus the consensus estimate of $178.13 million.
Total revenues decreased by 7.9% to $160.7 millionPrivate Client Market segment brokerage revenue decreased by 9.4%Middle Market and Larger Transaction Market segments combined brokerage revenue decreased by 12.2%, compared to growth of 44.3% in the same period last yearFinancing fees increased by 41.2% to $13.7 millionTotal salesforce grew by 150... More