Why Shares of Realogy Holdings Are Rising Today
Shares of the real estate brokerage and title and escrow company Realogy Holdings (NYSE: RLGY) rose more than 15% as of 10:45 a.m. EDT Thursday, after the company announced earnings results for the first quarter of the year.
Realogy, which franchises brokerage brands such as Century 21, Coldwell Banker, and Sotheby's International Realty, reported a $33 million profit, or basic earnings per share (EPS) of $0.28 on total revenue of $1.55 billion.
Profits blew past analysts' earnings estimates, and revenue also beat slightly as well.
Source Fool.com
