Investing.com - Newmark Group reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Newmark Group announced earnings per share of $0.35 on revenue of $664.60. Analysts polled by Investing.com anticipated EPS of $0.42 on revenue of $736.46M.
Newmark Group shares are down 50% from the beginning of the year , still down 51.10% from its 52 week high of $19.10 set on Monday, January 3, 2022.
Newmark Group shares gained 1.82% in pre-market trade the report.
Newmark Group follows other major Real Estate sector earnings this month
Newmark Group's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.8 on revenue of $2.67B, compared to forecasts EPS of $1.13 on revenue of $2.65B.
Prologis had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.36 on revenue of $1.75B, compared to forecast for EPS of $1.34 on revenue of $1.2B.
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