News

Anywhere Real Estate Posts Strong Revenue

1 Mins read

Shares of Anywhere Real Estate saw a significant boost on Tuesday following the release of their revenue report for the latest quarter. The provider of real estate services surpassed analysts’ expectations, driving the stock up by 8.5% to $8.31 at 11:50 a.m. ET. This marks a 30% increase since the beginning of the year, despite a 19% loss over the past 12 months.

Although second-quarter revenue dropped by 22% to $1.67 billion, it still outperformed analysts’ projections of $1.63 billion, according to FactSet. Net income for Anywhere Real Estate also experienced a significant decline, falling from $88 million, or 76 cents a share, to $19 million, or 17 cents a share, in comparison to the same period last year.

Despite these challenges, Chief Executive Ryan Schneider expressed optimism about the company’s performance. He stated, “In the midst of a challenging housing market, we delivered results in line with our expectations and continue to invest to set Anywhere up for an even stronger future.” One of the key strategies to achieve this is the company’s focus on growing its high-margin franchise business and transforming its cost base.

Related posts
News

Amid Challenges, Reforms, 15 Insurance Companies Declared N142.2bn PBT in 2024

4 Mins read
Despite challenges and the ongoing reforms, 15 insurance companies listed on the Nigerian Exchange Limited (NGX), declared N142.2 billion profit before tax…
News

Westgold Resources: FY25 Guidance Update

4 Mins read
PERTH, Western Australia, February 3, 2025 /CNW/ – Westgold Resources Limited (ASX: WGX) (TSX: WGX) (Westgold or the Company) provides this update…
News

Ripple CTO David Schwartz Warns XRP Users About Phishing Scam Targeting Coinbase

2 Mins read
XRP rises to $2.36 before dipping slightly amid ongoing crypto market activity David Schwartz, Ripple’s Chief Technology Officer (CTO), has warned his…

Leave a Reply

Your email address will not be published. Required fields are marked *

− 3 = 5