Realogy Reports First Quarter 2020 Financial Results
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Realogy Holdings (RLGY) Tops Q1 EPS by 34c, Revenues Beat
May 7, 2020 7:26 AM EDTRealogy Holdings (NYSE: RLGY) reported Q1 EPS of ($0.24), $0.34 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.07 billion.
First Quarter 2020 Highlights
Generated Revenue of $1.1 billion, an increase of 6% or $62 million year-over-year.Reported a Net loss of $462 million driven primarily by a $447 million impairment charge related to broad based declines in the overall market due to COVID-19 and a $38 million net increase in interest expense due to the mark-to-market adjustments on... More