EXp World Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 06:12 am EDT
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eXp World Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 1,238.98 million compared to USD 1,110.48 million a year ago. Net income was USD 4.4 million compared to USD 23.82 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.15 a year ago.
For the nine months, sales was USD 3,664.77 million compared to USD 2,694.2 million a year ago. Net income was USD 22.64 million compared to USD 65.72 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 0.45 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.42 a year ago.
eXp World Holdings, Inc. is the holding company for eXp Realty, LLC (eXp Realty), Virbela and SUCCESS Enterprises LLC (SUCCESS Enterprises). The Company owns and operates a diversified portfolio of service-based businesses utilizing its enabling technology platform. The Company operates through four segments: North American Realty, International Realty, Virbela and Other Affiliated Services. Its North American Realty segment includes real estate brokerage operations in the United States and Canada, as well as lead-generation and other real estate support services provided in North America. Its International Realty segment includes real estate brokerage operations in all other international locations. Its Virbela segment includes Virbela enterprise metaverse technology and the support services offered by eXp World Technologies, LLC (eXp World Technologies). The Companyâ Other Affiliated Services segment includes its SUCCESS Magazine and other smaller ventures.