Stock Track | Marcus & Millichap Reports Narrower Q3 Loss Amid Market Challenges

Stock Track

Nov 08, 2024

Marcus & Millichap, Inc. (NYSE: MMI), a leading national real estate services firm, reported a narrower net loss for the third quarter of 2024 as higher revenue was partially offset by ongoing market challenges stemming from elevated interest rates and economic uncertainty.

The company's total revenue for the three months ended September 30, 2024, rose 4.0% year-over-year to $168.5 million, beating analyst estimates of $160.9 million. This growth was primarily driven by a 1.5% increase in real estate brokerage commissions to $142.0 million and a 19.3% surge in financing fees to $20.6 million.

Net loss for the quarter narrowed to $5.4 million, or $0.14 per diluted share, compared to a net loss of $9.2 million, or $0.24 per share, in the same period last year. The company's results surpassed analysts' expectations of a $0.19 per share loss.

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(NYSE: MMI), a leading national real estate services firm, reported a narrower net loss for the third quarter of 2024 as higher revenue was partially offset by ongoing market challenges stemming from elevated interest rates and economic uncertainty.</p>\n\n<p>The company's total revenue for the three months ended September 30, 2024, rose 4.0% year-over-year to $168.5 million, beating analyst estimates of $160.9 million. This growth was primarily driven by a 1.5% increase in real estate brokerage commissions to $142.0 million and a 19.3% surge in financing fees to $20.6 million.</p>\n\n<p>Net loss for the quarter narrowed to $5.4 million, or $0.14 per diluted share, compared to a net loss of $9.2 million, or $0.24 per share, in the same period last year. The company's results surpassed analysts' expectations of a $0.19 per share loss.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Marcus & Millichap Reports Narrower Q3 Loss Amid Market Challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Marcus & Millichap Reports Narrower Q3 Loss Amid Market Challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-08 23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Marcus & Millichap, Inc. (NYSE: MMI), a leading national real estate services firm, reported a narrower net loss for the third quarter of 2024 as higher revenue was partially offset by ongoing market challenges stemming from elevated interest rates and economic uncertainty.</p>\n\n<p>The company's total revenue for the three months ended September 30, 2024, rose 4.0% year-over-year to $168.5 million, beating analyst estimates of $160.9 million. This growth was primarily driven by a 1.5% increase in real estate brokerage commissions to $142.0 million and a 19.3% surge in financing fees to $20.6 million.</p>\n\n<p>Net loss for the quarter narrowed to $5.4 million, or $0.14 per diluted share, compared to a net loss of $9.2 million, or $0.24 per share, in the same period last year. The company's results surpassed analysts' expectations of a $0.19 per share loss.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MMI","symbol_name":"Marcus & Millichap Inc","start_time":0,"source_url":"","article_id":"1132481977","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1132481977","pubTimestamp":1731078105,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Marcus & Millichap, Inc. , a leading national real estate services firm, reported a narrower net loss for the third quarter of 2024 as higher revenue was partially offset by ongoing market challenges stemming from elevated interest rates and economic uncertainty.The company's total revenue for the three months ended September 30, 2024, rose 4.0% year-over-year to $168.5 million, beating analyst estimates of $160.9 million. This growth was primarily driven by a 1.5% increase in real estate broker","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MMI":"Marcus & Millichap Inc"},"translate_title":"股票追踪Marcus&Millichap报告在市场挑战中第三季度亏损收窄","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MMI":1},"content_text":"Marcus & Millichap, Inc. (NYSE: MMI), a leading national real estate services firm, reported a narrower net loss for the third quarter of 2024 as higher revenue was partially offset by ongoing market challenges stemming from elevated interest rates and economic uncertainty.\nThe company's total revenue for the three months ended September 30, 2024, rose 4.0% year-over-year to $168.5 million, beating analyst estimates of $160.9 million. 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