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Marcus & Millichap Inc. (MMI) Surged To A New High After Q4 Profit Beat

Marcus & Millichap Inc. (MMI) reported fourth quarter EPS of $0.51 after the close Thursday, up from $0.44 a year ago. Analysts expected EPS of $0.39.

Marcus & Millichap gapped up at the open Friday and spiked higher in early trade, before settling into a range. Shares finished up by 2.55 at $35.85 on strong volume. The stock has been rising for the past week leaped to a new high for the year.

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