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Newmark Group Inc. Q4 Profit Increases, but misses estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Newmark Group Inc. (NMRK) revealed earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's bottom line totaled $36.55 million, or $0.21 per share. This compares with $6.43 million, or $0.04 per share, in last year's fourth quarter.

Excluding items, Newmark Group Inc. reported adjusted earnings of $0.46 per share for the period.

Analysts on average had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.1% to $747.44 million from $607.28 million last year.

Newmark Group Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $36.55 Mln. vs. $6.43 Mln. last year.
-EPS (Q4): $0.21 vs. $0.04 last year.
-Analyst Estimate: $0.47
-Revenue (Q4): $747.44 Mln vs. $607.28 Mln last year.

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