Compass (COMP) Misses Q2 EPS by 7c
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Compass, Inc. Reports Second Quarter 2022 Results
August 15, 2022 4:05 PM EDTRevenue of $2.0 billion, up 4% year-over-year Market Share on an LTM basis increased approximately 50 bps to 4.6% compared to prior yearNational deployment of a significant set of new features to the Compass platform giving Compass agents an end-to-end workflow tool targeted for the end of the third quarter GAAP net loss increased from $7 million to $101 million year-over-year on higher expenses related to strategic business initiatives, non-cash stock compensation, depreciation and amortization as well as restructuring costsCompany announces new cost reduction program with approximately $320 million in target run... More
