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Marcus & Millichap: 2Q Earnings Snapshot

CALABASAS, Calif. (AP) _ Marcus & Millichap Inc. (MMI) on Tuesday reported second-quarter net income of $21.3 million.

On a per-share basis, the Calabasas, California-based company said it had net income of 54 cents.

The commercial real estate brokerage firm posted revenue of $209.6 million in the period.

Marcus & Millichap shares have fallen 9.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.07, a drop of 22% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MMI at https://www.zacks.com/ap/MMI