Contact Information

Oak Avenue, Manhattan Beach, California 90266

Contact Us

On Tuesday, CBRE Group Inc. (CBRE) reported $313.8 million in fourth-quarter net income.

The Dallas-based company said it had a profit per share of 93 cents. Earnings came to $1.45 per share, adjusted for one-time gains and costs.

Wall Street expectations were beaten by the results. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

In the period, the real estate investment management services provider posted revenues of $6.91 billion.

The company reported $752 million in profit for the year, or $2.22 per share. The income was reported as 23.83 billion dollars.

Since the beginning of the year, CBRE shares have climbed 20 percent. The stock has climbed 18% in the last 12 months.

READ:  Republicans halt Democrat Attempt for US Financial Aid
Notify of
Inline Feedbacks
View all comments