Marcus & Millichap Inc. Profit Climbs In Q4, Beats estimates

(RTTNews) - Marcus & Millichap Inc. (MMI) announced earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $62.00 million, or $1.53 per share. This compares with $23.62 million, or $0.59 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 97.9% to $495.13 million from $250.21 million last year.

Marcus & Millichap Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $62.00 Mln. vs. $23.62 Mln. last year. -EPS (Q4): $1.53 vs. $0.59 last year. -Analyst Estimate: $0.96 -Revenue (Q4): $495.13 Mln vs. $250.21 Mln last year.