Newmark Group: Q4 Financial Results Overview

Newmark Group Announces Fourth Quarter Financial Results

Newmark Group Inc., headquartered in New York, revealed a net income of $68 million for its fourth quarter, according to a report released on Wednesday.

The company stated that its earnings translated to 37 cents per share. When excluding one-time expenses, adjusted earnings reached 68 cents per share.

During this quarter, Newmark Group generated $1.01 billion in revenue through its commercial real estate services.

Looking at the full year, the firm reported a total profit of $126.2 million, or 68 cents per share, with annual revenue amounting to $3.29 billion.

For the upcoming year, Newmark Group anticipates earnings per share to fall between $1.82 and $1.92, and expects revenue to range from $3.7 billion to $3.8 billion.

This article was produced by Automated Insights using financial data provided by Zacks Investment Research.