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Marcus & Millichap posts 4Q profit

CALABASAS, Calif. (AP) _ Marcus & Millichap Inc. (MMI) on Thursday reported fourth-quarter earnings of $17.2 million.

On a per-share basis, the Calabasas, California-based company said it had profit of 44 cents.

The commercial real estate brokerage firm posted revenue of $189.2 million in the period.

For the year, the company reported profit of $64.7 million, or $1.66 per share. Revenue was reported as $717.5 million.

Marcus & Millichap shares have declined roughly 2 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.29, a rise of slightly more than 8 percent in the last 12 months.


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


Keywords: Marcus & Millichap, Earnings Report