Facebook Twitter LinkedIn Google Plus RSS

Realogy reports decline in Q2 earnings, revenue

By ,

Realogy Holdings Corp., a global real estate brokerage, announced Monday that its second-quarter revenue and earnings dropped from the year-before period.

The Madison-based company said net revenue was $1.51 billion, a 1 percent decline from $1.53 billion in the second quarter of 2013. Adjusted earnings were $269 million, down 3 percent from a year earlier. Net earnings, however, fell 19 percent, to $68 million, from $84 million.

RELATED: Realogy buys residential brokerage for $166M

"With our recently announced agreement to acquire ZipRealty, we seized upon an exceptional opportunity to further drive growth in our brokerage operations and undertake a significant technology upgrade across our franchise systems," Richard A. Smith, Realogy's chairman, CEO and president, said in a statement. "For the second quarter, we are pleased to report that we outperformed the high end of our previously announced guidance range by achieving homesale transaction volume gains of 3 percent for the quarter on a combined basis between our company-owned brokerages and franchise business segments.”


Big things brewing at Rutgers with IMG: Partnership bringing record number of dollars on local (RWJ, AmeriHealth) and national (Keurig) deals

Fresh fast food entrepreneur brings b.good's farm-to-table strategy to N.J.

Making the connection: Apps turn to integration

More From This Industry

Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!