Marcus & Millichap, Inc. Reports Results for Third Quarter 2019
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Marcus & Millichap (MMI) Reports In-Line Q3 EPS, Revenues Miss
November 7, 2019 4:59 PM ESTMarcus & Millichap (NYSE: MMI) reported Q3 EPS of $0.49, in-line with the analyst estimate of $0.49. Revenue for the quarter came in at $198.22 million versus the consensus estimate of $207.25 million.
Third Quarter 2019 Highlights Compared to Third Quarter 2018
Total revenues decreased by 5.9% to $198.2 millionNet income decreased by 7.5% to $19.3 million, or $0.49 per common share, dilutedRevenue from financing fees increased by 0.4% to $16.0 million supported by refinancing activityPrivate Client brokerage revenue decreased by 3.7% compared to 8.6%... More