Marcus & Millichap Q4 Earnings Call Highlights

Fourth-quarter net income was $13 million, or $0.34 per share, compared with $8.5 million, or $0.22 per share, in the prior-year period. For the full year, the company posted a net loss of $1.9 million, or $0.05 per share. DeGennaro noted that full-year results included an $0.08 per share charge tied to a legal reserve recorded in the third quarter, adding there was “no material update” on the matter and that the company remained committed to pursuing relief through an appeal.For the full year, DeGennaro sa ...