Newmark up after upbeat annual forecasts, quarterly results

Newmark

14/02/2025 18:42

** Shares of commercial real estate services company Newmark
 NMRK.O  up as much as 12.3% to $15.52
    ** Company sees 2025 revenue between $2.9 billion and $3.1
billion compared to $2.75 billion in 2024
    ** Also sees annual adjusted EPS between $1.40 and $1.50 vs
$1.23 in 2024
    ** Reports fourth-quarter revenue rise of $888.3 million and
adjusted EPS of 55 cents compared to 46 cents a year ago
    ** Says revenue growth from strong performance accross
segments including Management Services, Leasing and Other
Commissions, and Capital Markets
    ** NMRK rose ~16.9% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))