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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