Newmark Group Inc. Q4 Profit Rises

(RTTNews) - Newmark Group Inc. (NMRK) released earnings for its fourth quarter that rose from last year.

The company said its bottom line advanced to $69.21 million, or $0.36 per share. This was up from $56.20 million, or $0.31 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 18.8% to $460.60 million. This was up from $387.59 million last year.

Newmark Group Inc. earnings at a glance:

-Earnings (Q4): $69.21 Mln. vs. $56.20 Mln. last year. -Earnings Growth (Y-o-Y): 23.1% -EPS (Q4): $0.36 vs. $0.31 last year. -EPS Growth (Y-o-Y): 16.1% -Revenue (Q4): $460.60 Mln vs. $387.59 Mln last year. -Revenue Change (Y-o-Y): 18.8%

-Guidance: Full year EPS guidance: $1.40 - $1.60 Full year revenue guidance: $1,900 - $2,050 Mln