DALLAS (AP) — DALLAS (AP) — CBRE Group Inc. (CBRE) on Thursday reported third-quarter net income of $363 million.
The Dallas-based company said it had net income of $1.21 per share. Earnings, adjusted for one-time gains and costs, were $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The provider of real estate investment management services posted revenue of $10.26 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $9.92 billion.
CBRE expects full-year earnings in the range of $6.25 to $6.35 per share.
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