Marcus & Millichap Inc. Reports 21% Advance In Q4 Profit

(RTTNews) - Marcus & Millichap Inc. (MMI) reported earnings for its fourth quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $19.95 million, or $0.51 per share. This was up from $16.43 million, or $0.42 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.8% to $203.16 million. This was up from $172.44 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q4): $19.95 Mln. vs. $16.43 Mln. last year. -Earnings Growth (Y-o-Y): 21.4% -EPS (Q4): $0.51 vs. $0.42 last year. -EPS Growth (Y-o-Y): 21.4% -Analysts Estimate: $0.45 -Revenue (Q4): $203.16 Mln vs. $172.44 Mln last year. -Revenue Change (Y-o-Y): 17.8%