Shares of The Real Brokerage Inc (NASDAQ:REAX) are surging 6.33% in pre-market trading on Thursday, following the company's impressive second-quarter earnings report and announcement of increased share repurchases. The real estate technology company has outperformed analyst expectations, demonstrating strong growth and improved profitability.

Real Brokerage reported quarterly earnings of $0.01 per share, beating the analyst consensus estimate of $0.00 by 233.33%. This marks a significant turnaround from the $0.01 loss per share in the same period last year. The company's sales also exceeded expectations, coming in at $540.747 million, a 12.08% beat over the estimated $482.478 million. This represents a robust 58.68% increase from the $340.778 million reported in the same quarter of the previous year.

Adding to investor optimism, Real Brokerage announced plans to increase the pace of share repurchases in the second half of the year. This move signals management's confidence in the company's financial position and future prospects, potentially providing additional support for the stock price. The combination of strong financial performance and shareholder-friendly capital allocation strategies appears to be driving the pre-market rally in REAX shares.