Douglas Elliman Inc. announced its financial results for the third quarter ended September 30, 2024, on November 7, 2024. The company reported revenues of $266.3 million, marking a 5.9% increase compared to the third quarter of 2023.
Despite the revenue growth, Douglas Elliman recorded a net loss of $0.33 per diluted common share for the quarter. This compares to a net loss of $0.059 per diluted common share in the third quarter of 2023, indicating a widening of the net loss.
The results provide investors with an update on the company's financial trajectory, showing revenue expansion but also an increased net loss during the period.
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