Comparative Analysis Reveals Revenue and Earnings Miss Amidst Market Uncertainties
Real estate franchise company RE/MAX (NYSE:RMAX) announced better-than-expected results in Q1 CY2024, with revenue down 8.3% year on year to $78.29 million. On the other hand, next quarter's revenue guidance of $77.5 million was less impressive, coming in 1.6% below analysts' estimates. It made a non-GAAP profit of $0.20 per share, down from its profit of $0.26 per share in the same quarter last year.
First Quarter 2024 Highlights(Compared to first quarter 2023 unless otherwise noted)