AP NEWS

RealPage: 3Q Earnings Snapshot

November 6, 2019

RICHARDSON, Texas (AP) _ RealPage Inc. (RP) on Wednesday reported third-quarter net income of $11.7 million.

On a per-share basis, the Richardson, Texas-based company said it had net income of 12 cents. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 45 cents per share.

The provider of real estate software posted revenue of $255.2 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $254.2 million.

For the current quarter ending in December, RealPage expects its per-share earnings to range from 47 cents to 49 cents.

The company said it expects revenue in the range of $249.9 million to $251.9 million for the fiscal fourth quarter.

RealPage expects full-year earnings in the range of $1.74 to $1.76 per share, with revenue ranging from $983.7 million to $985.7 million.

RealPage shares have climbed 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.74, an increase of 16% 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 RP at https://www.zacks.com/ap/RP