Marcus & Millichap Shares Rise After Q2 Swings to Net Income, Higher Revenue
Marcus & Millichap (MMI) rose more than 2% in recent trading Thursday after the company reported Q2 results, swinging to profit and higher revenue.The company reported Q2 preliminary net income of $0.10 per diluted share, swinging from a loss of $0.28 a year ago. Two analysts polled by FactSet expected EPS of $0.03.Revenue for the quarter ended June 30 was $202.9 million, up from $172.3 million a year ago. Two analysts expected $194.3 million.Price: $31.88, Change: $+0.65, Percent Change: +2.06%