Re/Max Holdings 2Q earnings beat expectations
Grows pool of real estate agents
Re/Max Holdings (RMAX) recorded better-than-expected second-quarter revenue as it continued to grow its pool of real estate agents. The real estate company decided to go public back in October 2013, according to an article in MarketWatch.
Chief Executive Margaret Kelly said the company continued to expand its network of agents, maintained expense discipline and expanded margins, while also noting mixed trends in the housing market.
Re/Max reported a profit of $4.4 million, or 36 cents a share. A year-earlier, the company reported breakeven bottom line results. Excluding debt-extinguishment losses, asset-sale gains and other items, adjusted earnings were 45 cents.