DALLAS (AP) — DALLAS (AP) — CBRE Group Inc. (CBRE) on Tuesday reported second-quarter earnings of $215 million.
The Dallas-based company said it had profit of 72 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The provider of real estate investment management services posted revenue of $9.75 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $9.37 billion.
CBRE expects full-year earnings in the range of $6.10 to $6.20 per share.
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