CBRE Q2 Profit Rises - Quick Facts

(RTTNews) - CBRE Group, Inc. (CBG), a commercial real estate services and investment company, Wednesday said its attributable profit for the second quarter increased to $125.0 million from $105.5 million in the previous year. Earnings per share grew to $0.37 from $0.32.

Adjusted earnings per share were $0.42, up from $0.36 in the prior-year period. On average, five analysts polled by Thomson Reuters expected earnings of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased 12% to $2.39 billion from $2.13 billion in the comparable quarter last year, while 5 analysts expected revenues of $2.36 billion.

Further, CBRE believes its full-year 2015 performance is likely to be toward the upper end of its guidance range of $1.90 to $1.95 for adjusted earnings per share. Wall Street looks for earnings of $1.99 per share.