NEW YORK (AP) _ Newmark Group Inc. (NMRK) on Thursday reported first-quarter earnings of $33.1 million.
The New York-based company said it had net income of 16 cents per share. Earnings, adjusted for non-recurring costs, were 20 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The provider of commercial real estate services posted revenue of $504 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $372.1 million.
Newmark Group shares have increased 48% since the beginning of the year. The stock has nearly tripled 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 NMRK at https://www.zacks.com/ap/NMRK
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