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Real Estate Earnings: Winners and Losers | Business and Finance News
Description
Real estate services posted a mixed Q2 earnings report: revenues beat expectations by 10% overall, but future outlooks dipped. Stocks held strong, up nearly 6% on average. Newmark surged 17% YoY and met full-year guidance, yet its stock fell 7%. Howard Hughes Holdings soared 300% in revenue, crushing estimates, but shares stayed flat. Offerpad tanked with a 50% revenue drop and missed targets, becoming the worst performer. AGNT rose over 10%, beat forecasts, raised guidance, and saw a 5% stock gain.
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