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RealPage: 2Q Earnings Snapshot

August 1, 2019

RICHARDSON, Texas (AP) _ RealPage Inc. (RP) on Thursday reported second-quarter net income of $15.1 million.

On a per-share basis, the Richardson, Texas-based company said it had profit of 16 cents. Earnings, adjusted for one-time gains and costs, came to 43 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 43 cents per share.

The provider of real estate software posted revenue of $243.9 million in the period. Its adjusted revenue was $244 million, beating Street forecasts. Four analysts surveyed by Zacks expected $243.1 million.

For the current quarter ending in October, RealPage expects its per-share earnings to range from 44 cents to 46 cents.

The company said it expects revenue in the range of $253 million to $255 million for the fiscal third quarter.

RealPage expects full-year earnings in the range of $1.73 to $1.77 per share, with revenue ranging from $987 million to $995 million.

RealPage shares have risen 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $62.35, a rise of 12% 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

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