BUZZ-Newmark up after upbeat annual forecasts, quarterly results

Reuters

02-15

BUZZ-Newmark up after upbeat annual forecasts, quarterly results

** Shares of commercial real estate services company Newmark NMRK.O up as much as 12.3% to $15.52

** Company sees 2025 revenue between $2.9 billion and $3.1 billion compared to $2.75 billion in 2024

** Also sees annual adjusted EPS between $1.40 and $1.50 vs $1.23 in 2024

** Reports fourth-quarter revenue rise of $888.3 million and adjusted EPS of 55 cents compared to 46 cents a year ago

** Says revenue growth from strong performance accross segments including Management Services, Leasing and Other Commissions, and Capital Markets

** NMRK rose ~16.9% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))

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