The RMR Group Inc. reported fiscal fourth-quarter earnings of $5.3 million for the period ended September 30, 2024. On a per-share basis, the company's net income was 32 cents, with adjusted earnings at 34 cents per share.
These results fell short of Wall Street expectations, as analysts had projected earnings of 38 cents per share. The real estate management services provider also reported revenue of $212.3 million, which missed the Street's forecast of $220.2 million.
The miss on both earnings and revenue indicates a challenging quarter for RMR Group. Investors will be evaluating the factors contributing to these shortfalls and their potential implications for future performance.
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