Marcus & Millichap Inc. Reveals 8% Gain In Q1 Earnings

(RTTNews) - Marcus & Millichap Inc. (MMI) revealed earnings for its first quarter that increased from last year.

The company said its bottom line rose to $14.82 million, or $0.38 per share. This was higher than $13.67 million, or $0.35 per share, in last year's first quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.1% to $164.27 million. This was up from $146.54 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q1): $14.82 Mln. vs. $13.67 Mln. last year. -Earnings Growth (Y-o-Y): 8.4% -EPS (Q1): $0.38 vs. $0.35 last year. -EPS Growth (Y-o-Y): 8.6% -Analysts Estimate: $0.28 -Revenue (Q1): $164.27 Mln vs. $146.54 Mln last year. -Revenue Change (Y-o-Y): 12.1%