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Stock impact report

Compass, Inc. Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Compass, Inc. Class A (COMP) 
Company Research Source: Yahoo! Finance
NEW YORK Feb. 27, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass" or "the Company"), the largest residential real estate brokerage in the United States by transaction volume , announced its financial results for the fourth quarter and full year ended December 31, 2023 "Over the past two years, we have successfully navigated the worst residential real estate market in decades and significantly reset our operating expense levels, positioning Compass for what we believe will be significant upside when the market begins to recover," said Robert Reffkin , Founder and Chief Executive Officer of Compass. "As we reduced operating expenses, we continued to invest in growth, our agents and our technology platform, the industry's only proprietary first-contact to close platform. We recruited more than 2,000 principal agents without cash or equity sign-on incentives since eliminating those incentives in August 2022 and we increased the number of principal agents 7.7% in Q4 2023 comp Show less Read more
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