DENVER (AP) — DENVER (AP) — RE/MAX Holdings Inc. (RMAX) on Thursday reported profit of $966,000 in its third quarter.
The Denver-based company said it had net income of 5 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 38 cents per share.
The franchisor of residential real estate brokerages posted revenue of $78.5 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $78.6 million.
For the current quarter ending in December, RE/MAX said it expects revenue in the range of $71 million to $76 million.
The company expects full-year revenue in the range of $306 million to $311 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMAX at https://www.zacks.com/ap/RMAX
