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Newmark Group Q2 Adjusted Earnings, Revenue Rise; Reaffirms 2024 Outlook
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Newmark Group Q2 Adjusted Earnings, Revenue Rise; Reaffirms 2024 Outlook
Aug 2, 2024 6:33 AM

09:20 AM EDT, 08/02/2024 (MT Newswires) -- Newmark Group ( NMRK ) reported Q2 pretax adjusted earnings Friday of $0.25 per share, up from $0.21 a year earlier.

Three analysts polled by Capital IQ expected $0.20.

Revenue for the quarter ended June 30 was $633.4 million, up from $585.8 million a year earlier.

Three analysts surveyed by Capital IQ expected $630.3 million.

Newmark ( NMRK ) said it continues to expect 2024 adjusted earnings to increase 5% to 9% and revenue to grow 3% to 7%.

The company said it has maintained its quarterly dividend at $0.03 per share, payable Sept. 3 to shareholders of record as of Aug. 16.

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