Market Overview

UPDATE: CBRE Group Posts Upbeat Q4 Earnings

Share:
Related CBG
Top 4 NYSE Stocks In The Property Management Industry With The Highest ROE
SunTrust, CBRE Bullish On Industrial Real Estate Through 2017
Q2 Growth Seen Slowing For Hackett, Marcus & Millichap (Investor's Business Daily)

CBRE Group Inc (NYSE: CBG) reported a strong rise in its fourth-quarter earnings.

For the year, CBRE Group expects earnings of $1.40 to $1.45 per share, versus estimates of $1.36 per share.

CBRE Group's quarterly profit surged to $173 million, or $0.53 per share, from $79.8 million, or $0.25 per share, in the year-ago period. Excluding one-time items, its adjusted earnings rose to $0.55 from $0.46 per share.

Its revenue climbed 14% to $2.01 billion. However, analysts were expecting earnings of $0.49 per share on revenue of $1.88 billion.

CBRE Group shares gained 3.43% to $22.60 in after-hours trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (CBG)

Get Benzinga's Newsletters