Why Compass Stock is Jumping After Earnings

Compass stock was rising in Wednesday morning trading after the company reported earnings and issued guidance that exceeded consensus estimates on Tuesday night. Compass’s ongoing integration of the Anywhere brokerage business and partnership with Redfin helped. Compass reported basic earnings of twelve cents a share, or eleven cents a share diluted, on $4.3 billion in revenue in its second quarter, the real estate brokerage said in a Tuesday announcement.