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0 0 -0.00277520814061049 -0.00231267345050882 0.00185013876040699 0 0.0115633672525439 0.0069380203515263
Stock impact report

Compass loses $4.6M, issues bullish forecast for Anywhere deal [Yahoo! Finance]

Anywhere Real Estate Inc., (HOUS) 
Company Research Source: Yahoo! Finance
The residential giant reported a number of records in its third-quarter earnings despite another slow period for the housing market. The firm reported revenue growth of nearly 24 percent to a third-quarter record of $1.85 billion, driven by transaction growth of 22 percent despite the market growing just 2 percent. Its organic transactions grew by 7 percent, also outpacing the market. The firm also recruited 851 principal agents in the quarter, a company record for any quarter. Reffkin said he expects to add 700 to 800 principal agents going forward on a quarterly basis. Compass' net loss was $4.6 million in the third quarter, a dip from its loss of $1.7 million a year ago, partially attributable to $7.5 million in expenses as part of the Anywhere deal. The result comes one quarter after the firm reported a record $39.4 of net income in the second quarter of last year. Compass also reported its seventh consecutive quarter of positive free cash flow, at $73.6 million and ended Show less Read more
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