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RealPage: 2Q Earnings Snapshot

August 2, 2018

RICHARDSON, Texas (AP) _ RealPage Inc. (RP) on Thursday reported second-quarter profit of $8.5 million.

The Richardson, Texas-based company said it had profit of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share.

The provider of real estate software posted revenue of $216.3 million in the period. Its adjusted revenue was $216.4 million, which topped Street forecasts. Three analysts surveyed by Zacks expected $215.2 million.

For the current quarter ending in October, RealPage expects its per-share earnings to range from 34 cents to 36 cents.

The company said it expects revenue in the range of $220 million to $222 million for the fiscal third quarter.

RealPage expects full-year earnings in the range of $1.44 to $1.48 per share, with revenue ranging from $867 million to $873 million.

RealPage shares have risen 31 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $57.95, an increase of 48 percent in the last 12 months.


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

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