Realogy’s profits plunged during the second quarter, after coronavirus slowed home sales across the country, the brokerage giant said Thursday. Realogy reported a $14 million loss during the quarter — a huge drop from $69 million in profits during the same period last year. Citing a “massive drop-off” in transactions, Realogy said revenue also fell 25 percent to $1.2 billion, from $1.6 billion a year ago. During an earnings call with analysts, CEO Ryan Schneider
source https://therealdeal.com/2020/07/30/realogys-q2-profits-plunge-after-unprecedented-drop-in-sales/
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