CBRE Group, Inc. Earnings Fall 2% In Q3

(RTTNews) - CBRE Group, Inc. (CBG) revealed a profit for third quarter that fell from last year.

The company said its bottom line totaled $168.03 million, or $0.50 per share. This was down from $171.71 million, or $0.51 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.7% to $3.19 billion. This was up from $2.71 billion last year.

CBRE Group, Inc. earnings at a glance:

-Earnings (Q3): $168.03 Mln. vs. $171.71 Mln. last year. -Earnings Decline (Y-o-Y): -2.1% -EPS (Q3): $0.50 vs. $0.51 last year. -EPS Decline (Y-o-Y): -2.0% -Analysts Estimate: $0.50 -Revenue (Q3): $3.19 Bln vs. $2.71 Bln last year. -Revenue Change (Y-o-Y): 17.7%

-Guidance: Full year EPS guidance: $2.15 - $2.30