Seeking Alpha

adspatz's  Instablog

Send Message
Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
My company:
SEC Live
  • Realogy Net Loss Decreases 0 comments
    May 5, 2014 10:36 AM | about stocks: RLGY

    Originally published at

    Realogy Holdings Corp. (NYSE:RLGY) announced its financial results for the first quarter of fiscal year 2014, posting a decrease in its net loss from last year. The real estate services company posted net revenues of $1.0B, a 5% increase from $957M in the year-ago quarter. The company's net loss decreased from $75M and $0.52 per share a year ago to $46M and $0.32 per share. Chairman, President, and CEO Richard Smith commented that the company's transaction volume growth, driven by a higher average sales price, helped drive overall growth. Realogy reduced by $398M its senior secured notes and intends to use the proceeds from its April net proceeds, coupled with cash flow, to eliminate its high-cost debt.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: RLGY
Back To adspatz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.