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Marcus & Millichap Inc. Reports Rise In Q4 Earnings

Marcus & Millichap Inc. (MMI) reported earnings for its fourth quarter that rose compared to the same period last year.

The company said its bottom line came in at $20.12 million, or $0.51 per share. This was higher than $17.17 million, or $0.44 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.39 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.2% to $202.78 million. This was up from $189.16 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q4): $20.12 Mln. vs. $17.17 Mln. last year.
-Earnings Growth (Y-o-Y): 17.2%
-EPS (Q4): $0.51 vs. $0.44 last year.
-EPS Growth (Y-o-Y): 15.9%
-Analysts Estimate: $0.39
-Revenue (Q4): $202.78 Mln vs. $189.16 Mln last year.
-Revenue Change (Y-o-Y): 7.2%

by RTTNews Staff Writer

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