RE/MAX: Q2 Earnings Snapshot

August 4, 2022 GMT

DENVER (AP) _ RE/MAX Holdings Inc. (RMAX) on Thursday reported second-quarter earnings of $5.8 million.

The Denver-based company said it had net income of 30 cents per share. Earnings, adjusted for one-time gains and costs, came to 68 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The franchisor of residential real estate brokerages posted revenue of $92.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $93.1 million.

For the current quarter ending in October, RE/MAX said it expects revenue in the range of $87 million to $91 million.

The company expects full-year revenue in the range of $354 million to $364 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMAX at https://www.zacks.com/ap/RMAX