AP NEWS

RMR Group: Fiscal 4Q Earnings Snapshot

November 22, 2019 GMT

NEWTON, Mass. (AP) _ RMR Group Inc. (RMR) on Friday reported fiscal fourth-quarter net income of $8.4 million.

On a per-share basis, the Newton, Massachusetts-based company said it had profit of 51 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 59 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The real estate management services provider posted revenue of $159.2 million in the period.

For the year, the company reported profit of $74.6 million, or $4.59 per share. Revenue was reported as $713.4 million.

RMR Group shares have dropped 9% since the beginning of the year. The stock has declined 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMR at https://www.zacks.com/ap/RMR