RE/MAX Holdings Reports Second Quarter 2019 Results
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RE/MAX Holdings (RMAX) Tops Q2 EPS by 6c, Revenues Miss; Offers Q3 & FY19 Revenue Guidance Below Consensus
August 1, 2019 5:13 PM EDTRE/MAX Holdings (NYSE: RMAX) reported Q2 EPS of $0.65, $0.06 better than the analyst estimate of $0.59. Revenue for the quarter came in at $71.4 million versus the consensus estimate of $72.32 million.
Total agent count increased 3.2% to 127,020 agentsU.S. and Canada combined agent count decreased 2.0% to 84,133 agentsTotal open Motto Mortgage franchises increased to 98 officesRevenue of $71.4 million; excluding Marketing Funds revenue, decreased 1.8% to $53.3 millionNet income attributable to RE/MAX Holdings, Inc. of $8.6 million and earnings per diluted share (GAAP EPS) of $0.48 Adjusted EBITDA1 of $29.9 million, Adjusted EBITDA margin1 of 41.9% and Adjusted... More