WASHINGTON (dpa-AFX) - CBRE Group, Inc. (CBRE) reported earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $116.89 million, or $0.37 per share. This compares with $392.30 million, or $1.16 per share, in last year's first quarter.
Excluding items, CBRE Group, Inc. reported adjusted earnings of $289.69 million or $0.92 per share for the period.
Analysts on average had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.1% to $7.41 billion from $7.33 billion last year.
CBRE Group, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $116.89 Mln. vs. $392.30 Mln. last year. -EPS (Q1): $0.37 vs. $1.16 last year. -Analyst Estimates: $0.86 -Revenue (Q1): $7.41 Bln vs. $7.33 Bln last year.
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