India, April 30 -- Commercial real estate advisor Newmark Group, Inc. (NMRK) Wednesday announced a narrower loss for the first quarter, despite 21.8 percent increase in revenues from the prior year.
The quarterly loss was $8.77 million, narrower than loss of $16.25 million a year ago. On a per share basis, loss was $0.05, compared to loss of $0.09 last year. On average, five analysts were looking for earnings of $0.19 per shares. Analysts estimates usually exclude special items.
Revenue for the first quarter increased to $665.49 million from $546.49 million a year ago. Wall Street expected revenue of $606.14 million.
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