Marcus & Millichap, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 162.87 million compared to USD 395.96 million a year ago. Net loss was USD 8.73 million compared to net income of USD 42.17 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to basic earnings per share from continuing operations of USD 1.05 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to diluted earnings per share from continuing operations of USD 1.04 a year ago.
For the six months, revenue was USD 317.66 million compared to USD 715.42 million a year ago. Net loss was USD 14.56 million compared to net income of USD 74.95 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to basic earnings per share from continuing operations of USD 1.87 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to diluted earnings per share from continuing operations of USD 1.85 a year ago.