Re/Max Holdings up after reaffirming quarterly, annual revenue forecasts

Re/Max Holdings

18/09/2023 17:05

** Shares of RE/MAX Holdings  RMAX.N  rise 4% at $15.04
    ** Co reaffirms Q3 and FY 2023 financial guidance
    ** Sees Q3 revenue in the range of $78.5 mln to $83.5 mln,
while for FY, it expects revenue in the range of $320.0 mln to
$332.0 mln
    ** Separately, co's unit RE/MAX LLC entered into a
settlement on Friday to resolve two pending litigations
    ** Under the agreement, unit agreed to pay a total
settlement amount of $55 mln into a qualified settlement fund
    ** Also agreed to make changes to its business practices 
    ** Including session gains, RMAX shares down 19.3% YTD

 (Reporting by Unnamalai L in Bengaluru)
 ((Unnamalai.L@thomsonreuters.com))