14.02.2019, 00:02
Financial | Property Management | USA
CBRE Group (CBRE) Q4 Earnings, Revenues Beat Estimates
CBRE Group Inc. CBRE reported fourth-quarter 2018 adjusted earnings per share of $1.21, comfortably beating the Zacks Consensus Estimate of $1.13. The figure also compares favorably with the prior-year tally of 96 cents.
Results indicate strong revenue growth, driven by leasing and occupier outsourcing. Reflecting upbeat market sentiments, the company’s shares are up more than 4% in today’s pre-market trading.
On a GAAP basis, fourth-quarter earnings per share came in at $1.15, indicating a substantial year-over-year jump from 47 cents.
The company posted revenues of around $6.3 billion, which beat the Zacks Consensus Estimate of $5.9 billion. It also compares favorably with the year-ago tally of $5.5 billion. Moreover, fee revenues were up 16% (18% in local currency) year over year to $3.4 billion, while organic fee revenues climbed 13% (15% local currency).
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https://finance.yahoo.com/news/cbre-grou...06569.html
![[Bild: CBREc1dl1701.png]](https://finviz.com/publish/021319/CBREc1dl1701.png)
CBRE Group (CBRE) Q4 Earnings, Revenues Beat Estimates
CBRE Group Inc. CBRE reported fourth-quarter 2018 adjusted earnings per share of $1.21, comfortably beating the Zacks Consensus Estimate of $1.13. The figure also compares favorably with the prior-year tally of 96 cents.
Results indicate strong revenue growth, driven by leasing and occupier outsourcing. Reflecting upbeat market sentiments, the company’s shares are up more than 4% in today’s pre-market trading.
On a GAAP basis, fourth-quarter earnings per share came in at $1.15, indicating a substantial year-over-year jump from 47 cents.
The company posted revenues of around $6.3 billion, which beat the Zacks Consensus Estimate of $5.9 billion. It also compares favorably with the year-ago tally of $5.5 billion. Moreover, fee revenues were up 16% (18% in local currency) year over year to $3.4 billion, while organic fee revenues climbed 13% (15% local currency).
...
https://finance.yahoo.com/news/cbre-grou...06569.html