Marcus & Millichap Q2 GAAP EPS $(0.14) Beats $(0.15) Estimate, Sales $158.37M Miss $160.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marcus & Millichap (NYSE:MMI) reported Q2 GAAP EPS of $(0.14), beating the $(0.15) estimate, but missed sales estimates with $158.37M, a 2.76% decrease from last year.
August 07, 2024 | 11:36 am
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Marcus & Millichap reported a Q2 GAAP EPS of $(0.14), beating the $(0.15) estimate, but missed sales estimates with $158.37M, a 2.76% decrease from last year.
While Marcus & Millichap's EPS beat expectations, the miss on sales and the year-over-year decline in revenue may neutralize the positive impact of the EPS beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100