Marcus & Millichap Inc. (MMI) has reported a narrower loss for the third quarter compared to the previous year, surpassing Wall Street's expectations.
The firm reported a loss of $5.39 million, or $0.14 per share, in contrast to a loss of $9.24 million, or $0.24 per share, in the same quarter last year. Analysts, as surveyed by Thomson Reuters, had projected a loss of $0.19 per share. Notably, these estimates typically exclude extraordinary items.
The company's revenue for the quarter experienced a growth of 4.0%, increasing to $168.51 million from $162.03 million in the prior year.
A summary of Marcus & Millichap Inc.'s earnings report (GAAP) is as follows:
- Earnings for Q3: Loss of $5.39 million compared to a loss of $9.24 million last year.
- Earnings per Share (Q3): Loss of $0.14 compared to a loss of $0.24 last year.
- Revenue for Q3: $168.51 million, up from $162.03 million last year.
