Realogy Holdings (RLGY) reported Q1 EPS of $0.20, $0.21 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.53 billion.
GUIDANCE:
Realogy now expects Operating EBITDA for full year 2022 in the range of $750 to $800 million from $800 to $850 million, with the reduction from prior guidance predominantly attributable to the rising mortgage rate environment and its impact on financial results at the company's mortgage origination joint venture. This guidance is subject, among other things, to macroeconomic and housing market uncertainties, including those related to constrained inventory, inflation, and rising mortgage rates.
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