CBRE Group, Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - CBRE Group, Inc. (CBRE) revealed earnings for its second quarter that rose from last year.

The company's bottom line totaled $443 million, or $1.30 per share. This compares with $82, or $0.24 per share, in last year's second quarter.

Excluding items, CBRE Group, Inc. reported adjusted earnings of $463 million or $1.36 per share for the period.

Analysts had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.1% to $6.46 billion from $5.38 billion last year.

CBRE Group, Inc. earnings at a glance:

-Earnings (Q2): $463 Mln. vs. $118 Mln. last year. -EPS (Q2): $1.36 vs. $0.35 last year. -Analysts Estimate: $0.73 -Revenue (Q2): $6.46 Bln vs. $5.38 Bln last year.