Douglas Elliman (DOUG) Misses Q1 EPS by 22c

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Go back to Douglas Elliman (DOUG) Misses Q1 EPS by 22c

Douglas Elliman Inc. Reports First Quarter 2023 Financial Results

May 9, 2023 4:37 PM EDT

First Quarter 2023 Highlights:

Consolidated revenues of $214.0 million compared to $308.9 million in the prior year quarter Douglas Ellimans real estate brokerage segment achieved gross transaction value of approximately $7.3 billion compared to approximately $11.7 billion in the prior year quarter. Douglas Ellimans real estate brokerage segment reported an average price per transaction of $1.580 million. Consolidated operating loss of $20.6 million and real estate brokerage segment operating loss of $14.1 million compared to operating income of $7.9 million and $14.5 million, respectively, in the prior year quarter Net loss... More