Marcus & Millichap Inc. Reports 14% Advance In Q3 Profit

(RTTNews) - Marcus & Millichap Inc. (MMI) reported earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line rose to $15.47 million, or $0.39 per share. This was up from $13.58 million, or $0.35 per share, in last year's third quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.9% to $165.88 million. This was up from $150.89 million last year.

Marcus & Millichap Inc. earnings at a glance:

-Earnings (Q3): $15.47 Mln. vs. $13.58 Mln. last year. -Earnings Growth (Y-o-Y): 13.9% -EPS (Q3): $0.39 vs. $0.35 last year. -EPS Growth (Y-o-Y): 11.4% -Analysts Estimate: $0.46 -Revenue (Q3): $165.88 Mln vs. $150.89 Mln last year. -Revenue Change (Y-o-Y): 9.9%