CBRE Group, Inc. Announces 25% Rise In Q2 Earnings

(RTTNews) - CBRE Group, Inc. (CBG) reported a profit for its second quarter that rose from last year.

The company said its bottom line totaled $174.92 million, or $0.52 per share. This was higher than $140.01 million, or $0.42 per share, in last year's second quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 34.3% to $3.21 billion. This was up from $2.39 billion last year.

CBRE Group, Inc. earnings at a glance:

-Earnings (Q2): $174.92 Mln. vs. $140.01 Mln. last year. -Earnings Growth (Y-o-Y): 24.9% -EPS (Q2): $0.52 vs. $0.42 last year. -EPS Growth (Y-o-Y): 23.8% -Analysts Estimate: $0.52 -Revenue (Q2): $3.21 Bln vs. $2.39 Bln last year. -Revenue Change (Y-o-Y): 34.3%