Newmark Group: Q3 Earnings Snapshot

Associated Press Finance
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NEW YORK (AP) — NEW YORK (AP) — Newmark Group Inc. (NMRK) on Wednesday reported earnings of $9.9 million in its third quarter.

On a per-share basis, the New York-based company said it had net income of 6 cents. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.

The provider of commercial real estate services posted revenue of $616.3 million in the period.

For the current quarter ending in December, Newmark Group expects its per-share earnings to range from 42 cents to 49 cents.

The company said it expects revenue in the range of $692 million to $742 million for the fiscal fourth quarter.

Newmark Group expects full-year earnings in the range of $1.02 to $1.09 per share, with revenue ranging from $2.42 billion to $2.47 billion.

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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 NMRK at https://www.zacks.com/ap/NMRK

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