CBRE Group, Inc. Q4 Income Rises 19%

(RTTNews) - CBRE Group, Inc. (CBG) released a profit for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $271.50 million, or $0.81 per share. This was higher than $227.50 million, or $0.68 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.78 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 32.6% to $3.70 billion. This was up from $2.79 billion last year.

CBRE Group, Inc. earnings at a glance:

-Earnings (Q4): $271.50 Mln. vs. $227.50 Mln. last year. -Earnings Growth (Y-o-Y): 19.3% -EPS (Q4): $0.81 vs. $0.68 last year. -EPS Growth (Y-o-Y): 19.1% -Analysts Estimate: $0.78 -Revenue (Q4): $3.70 Bln vs. $2.79 Bln last year. -Revenue Change (Y-o-Y): 32.6%