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Newmark Group: 2Q Earnings Snapshot

NEW YORK (AP) _ Newmark Group Inc. (NMRK) on Thursday reported second-quarter earnings of $739,000.

On a per-share basis, the New York-based company said it had net income of less than 1 cent. Earnings, adjusted for non-recurring costs, were 25 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The provider of commercial real estate services posted revenue of $466.6 million in the period.

Newmark Group shares have fallen 16 percent since the beginning of the year.


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