Realogy Holdings Q3 Adj. Earnings Beats Estimates, Lifts FY15 Adj. EBITDA View

(RTTNews) - Residential real estate services provider Realogy Holdings Corp. (RLGY) Thursday announced a raise in its full year adjusted EBITDA outlook. For the third quarter, the company reported an increase in net income, while revenues were recorded a growth from last year.

Looking ahead to the full year, the company expects adjusted EBITDA in range of $830 to $845 million, while its previous outlook was in a range of $810 to $840 million. Adjusted EBITDA margin is raised to a range of $14.4 to 14.6 percent, from its prior projection of 14.1 to 14.3 percent. The company said the revised guidance is a reflection of strong momentum into the fourth quarter.

For the third quarter, the company recorded net income attributable to the company to $110 million, up from $100 million last year. On a per share basis, earnings increased to $0.74 from $0.68 a year ago. Wall Street expected $0.75 per share on revenue of $1.65 billion.

Revenue for the quarter increased to $1.668 billion from $1.531 billion a year ago.