Brief: Newmark Group Reports Fourth Quarter And Full Year 2022 Financial Results

Newmark

16/02/2023 15:39

Newmark Group Inc  NMRK.O :
    * NEWMARK GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2022
FINANCIAL RESULTS
    * QTRLY EARNINGS PER SHARE $0.05
    * QTRLY TOTAL REVENUES $607.3 MILLION VERSUS $984.5 MILLION
    * SEES FY 2023 REVENUE $2,500 MILLION - $2,700 MILLION
    * SEES Q1 2023 TOTAL REVENUES $500 MILLION - $550 MILLION
    * NEWMARK GROUP - IS AHEAD OF SCHEDULE WITH RESPECT TO $50
MILLION
ANNUALIZED FIXED COST REDUCTION TARGET, EXPECTS TO REALIZE AT
LEAST $35 MILLION DURING 2023
    * Q4 EARNINGS PER SHARE VIEW $0.32, REVENUE VIEW $652.1
MILLION --
REFINITIV IBES DATA
    * FY2023 REVENUE VIEW $2.58 BILLION -- REFINITIV IBES DATA
    * Q1 REVENUE VIEW $563.4 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn44Jksya 
Further company coverage:  NMRK.O