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RMR Group: Fiscal 1Q Earnings Snapshot

·1 min read

NEWTON, Mass. (AP) _ RMR Group Inc. (RMR) on Monday reported fiscal first-quarter earnings of $8.9 million.

The Newton, Massachusetts-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring gains, were 41 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 41 cents per share.

The real estate management services provider posted revenue of $156.9 million in the period.

RMR Group shares have decreased slightly more than 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.35, a decline of 19% 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 RMR at https://www.zacks.com/ap/RMR