DENVER (AP) _ RE/MAX Holdings Inc. (RMAX) on Thursday reported fourth-quarter profit of $2.9 million.

The Denver-based company said it had net income of 16 cents per share. Earnings, adjusted for one-time gains and costs, were 47 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 47 cents per share.

The franchisor of residential real estate brokerages posted revenue of $68.2 million in the period.

For the year, the company reported profit of $25 million, or $1.40 per share. Revenue was reported as $282.3 million.

For the current quarter ending in April, RE/MAX said it expects revenue in the range of $68 million to $71 million.

The company expects full-year revenue in the range of $285.5 million to $289.5 million.

RE/MAX shares have increased nearly 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.67, rising slightly in the last 12 months.

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

Automated Insights, source Associated Press News