Stock Alert: Realogy Holdings Up 14% On Higher Q1 Results
Shares of Realogy Holdings Corp. (RLGY) are trading up 14 percent on Thursday after the residential real estate company posted improved first-quarter results.
The company reported first-quarter net income of $33 million or $0.28 per share, compared to a net loss of $462 million or $4.03 per share in the year-ago period.
Adjusted net income was $40 million or $0.35 per share, compared to net loss of $68 million or $0.59 per share in the quarter, while analysts expected the company to report net loss of $0.07 per share.
Quarterly revenues climbed 32 percent to $1.52 billion from $1.17 billion in the same period last year.
The stock is currently trading at $17.45, up $2.20 or 14 percent on the NYSE.
RLGY has traded between $3.66 and $18.94 during the 52-week range.
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