Marcus & Millichap Reports Fourth Quarter Net Income
Marcus & Millichap Inc. (MMI) announced a net income of $8.5 million in its fourth quarter, resulting in earnings per share of 22 cents. Revenue for the period was $240.1 million.
Despite the fourth quarter gain, the commercial real estate brokerage firm faced challenges throughout the year, reporting an annual loss of $12.4 million and earnings per share of 32 cents. Revenue for the year totaled $696.1 million.
This financial update was generated using data from Zacks Investment Research.