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Tuesday, February 26, 2019

-=Realogy (RLGY) reported earnings on Tue 26 Feb 19 (b/o)

Realogy misses by $0.10, misses on revs; authorizes $175 mln share repurchase program
  • Reports Q4 (Dec) earnings of $0.04 per share, excluding non-recurring items, $0.10 worse than the S&P Capital IQ Consensus of $0.14; revenues fell 6.2% year/year to $1.35 bln vs the $1.41 bln S&P Capital IQ Consensus.
  • Operating EBITDA was $658 million, a decrease of $74 million compared with 2017.
  • Co announced that its Board of Directors has authorized a new share repurchase program for up to $175 million of the Company's common stock. This is in addition to the $29 million remaining under the share repurchase authorization announced in February 2018. Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions.

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