CBRE Q1 Adj. Profit Beats Estimate

(RTTNews) - CBRE Group, Inc. (CBG) Wednesday reported first-quarter net income attributable to the company of $67.7 million or $0.21 per share, up from $37.5 million or $0.11 per share in the same period last year.

Adjusted earnings for the quarter were $82.4 million or $0.25 per share, up from $51.5 million or $0.16 per share in the prior year quarter. On average, six analysts polled by Thomson Reuters expected the company to earn $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 26 percent to $1.86 billion from $1.48 billion last year, while six analysts expected revenues of $1.71 billion.