Marcus & Millichap Inc. (MMI) released Loss for its first quarter that increased from last year but beat the Street estimates.
The company's earnings totaled -$9.99 million, or -$0.26 per share. This compares with -$5.83 million, or -$0.15 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 16.6% to $129.10 million from $154.79 million last year.
Marcus & Millichap Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$9.99 Mln. vs. -$5.83 Mln. last year.
-EPS (Q1): -$0.26 vs. -$0.15 last year.
-Revenue (Q1): $129.10 Mln vs. $154.79 Mln last year.
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