Marcus & Millichap Inc. Reveals Fall In Q3 Profit

(RTTNews) - Marcus & Millichap Inc. (MMI) reported a profit for third quarter that fell from last year.

The company's bottom line came in at $19.29 million, or $0.49 per share. This compares with $20.85 million, or $0.53 per share, in last year's third quarter.

Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.9% to $198.22 million from $210.59 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q3): $19.29 Mln. vs. $20.85 Mln. last year. -EPS (Q3): $0.49 vs. $0.53 last year. -Analysts Estimate: $0.49 -Revenue (Q3): $198.22 Mln vs. $210.59 Mln last year.