CHICAGO (AP) — CHICAGO (AP) — Jones Lang LaSalle Inc. (JLL) on Tuesday reported fourth-quarter profit of $174.8 million.
The Chicago-based company said it had net income of $3.62 per share. Earnings, adjusted for one-time gains and costs, came to $4.36 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.47 per share.
The financial and professional services company posted revenue of $5.6 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $5.33 billion.
For the year, the company reported profit of $654.5 million, or $13.27 per share. Revenue was reported as $20.86 billion.
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