Compass (COMP) Misses Q3 EPS by 6c
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Compass, Inc. Reports Third Quarter 2022 Results
November 10, 2022 4:05 PM ESTTotal revenues of $1.49 billion, down 14% compared to 3Q21, driven principally by lower market volumes.Successfully launched the Compass national agent platform in all markets allowing agents to guide their customers from first contact to close in one seamless workflow platform.The Company incurred $29 million in restructuring charges, of which $25 million was for severance. GAAP Net Loss was $154 million, compared to a GAAP Net Loss of $100 million in 3Q21 as lower revenues and restructuring costs more than offset reductions in commissions and operating expenses.Adjusted... More
