Newmark reported earnings of $152.1 million in the third quarter, down 25 percent from the same time last year. The brokerage said it experienced a drop in sales and leasing commissions due to Covid-related challenges. On Thursday’s call with investors, the company’s chief executive addressed a question on potential mergers and acquisitions. CEO Barry Gosin likened Newmark’s M&A activity to an elite stealth operator. “We kind of consider ourself more in the Navy SEAL category,”
source https://therealdeal.com/2020/11/05/newmark-reports-q3-earnings-down-25/
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