Shares of Newmark Group (NASDAQ:NMRK) moved higher by 7% after the company reported Q1 results.
Earnings per share fell 57.14% over the past year to $0.09, which missed the estimate of $0.23.
Revenue of $483,930,000 rose by 8.10% year over year, which missed the estimate of $494,430,000.
Newmark Group hasn't issued any earnings guidance for the time being.
Newmark Group hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: May 07, 2020
Company's 52-week high was at $13.85
52-week low: $2.49
Price action over last quarter: down 66.93%
Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.