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Investing.com -- Marcus & Millichap, Inc. (NYSE:MMI) reported first quarter 2025 financial results that showed improvement over the prior year, despite falling short of analyst estimates. The commercial real estate services firm saw its shares rise 2.3% following the release, as investors focused on the company’s positive outlook and revenue growth.
Marcus & Millichap reported a first quarter net loss of $0.11 per share, wider than the analyst estimate of a $0.04 loss. Revenue came in at $145.04 million, up 12.3% YoY but below the consensus estimate of $167.2 million.
Total (EPA:TTEF) revenue increased to $145.0 million from $129.1 million in Q1 2024, driven by a 12.9% rise in real estate brokerage commissions to $123.6 million. The company saw a 17.6% increase in total sales volume, partially offset by a slight decrease in average commission rates.
"We are pleased to report an improved first quarter, reflecting our strategic focus and ability to execute despite persistent headwinds across the sector," said Hessam Nadji, president and CEO of Marcus & Millichap.
The company’s Private Client Market revenue grew 6.2% to $77.7 million, while Middle Market and Larger Transaction (JO:NTUJ) Market revenue surged 29.6% to $40.9 million. Financing fees also saw strong growth, increasing 25.7% to $18.1 million.
Looking ahead, Marcus & Millichap expressed confidence in its ability to navigate market cycles and capture greater market share, despite ongoing challenges in the commercial real estate sector. The company’s positive outlook appears to be driving investor optimism, as reflected in the stock’s post-earnings gain.
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