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Marcus & Millichap Inc. Q2 Income Drops

Marcus & Millichap Inc. (MMI) released a profit for second quarter that decreased from the same period last year.

The company's profit came in at $21.28 million, or $0.54 per share. This compares with $22.17 million, or $0.56 per share, in last year's second quarter.

Analysts had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $209.59 million from $199.40 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q2): $21.28 Mln. vs. $22.17 Mln. last year.
-EPS (Q2): $0.54 vs. $0.56 last year.
-Analysts Estimate: $0.43
-Revenue (Q2): $209.59 Mln vs. $199.40 Mln last year.

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