Douglas Elliman reports Q1 adjusted EPS (28c), two estimates (7c)

Reports Q1 revenue $200.2M, two estimates $217.44M. “In addition to seeing encouraging signals of market improvement, Douglas Elliman continued to navigate the current environment by successfully reducing costs without compromising the agent experience and enhancing our competitive edge,” stated Howard M. Lorber, Chairman and Chief Executive Officer of Douglas Elliman. “Our Development Marketing business is also showing promising momentum, with a robust pipeline of projects totaling approximately $25 billion in gross transaction value. We are confident these initiatives, coupled with the strength of the Douglas Elliman brand, position us for long-term growth and value creation across market cycles.”