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Marcus & Millichap Inc. Q3 Profit Rises

Marcus & Millichap Inc. (MMI) announced earnings for its third quarter that climbed from the same period last year.

The company's profit totaled $20.85 million, or $0.53 per share. This compares with $15.48 million, or $0.39 per share, in last year's third quarter.

Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.9% to $210.59 million from $183.34 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q3): $20.85 Mln. vs. $15.48 Mln. last year.
-EPS (Q3): $0.53 vs. $0.39 last year.
-Analysts Estimate: $0.49
-Revenue (Q3): $210.59 Mln vs. $183.34 Mln last year.

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