Marcus & Millichap Inc. Announces Advance In Q4 Bottom Line

Marcus & Millichap Inc. (MMI) reported a profit for its fourth quarter that advanced from last year.

The company's bottom line totaled $23.62 million, or $0.59 per share. This compares with $20.72 million, or $0.52 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.2% to $250.21 million from $237.91 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q4): $23.62 Mln. vs. $20.72 Mln. last year.
-EPS (Q4): $0.59 vs. $0.52 last year.
-Analysts Estimate: $0.15
-Revenue (Q4): $250.21 Mln vs. $237.91 Mln last year.

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