WASHINGTON (dpa-AFX) - CBRE Group, Inc. (CBRE) announced a profit for its first quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $163 million, or $0.54 per share. This compares with $126 million, or $0.41 per share, last year.
Analysts on average had expected the company to earn $0.76 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.3% to $8.910 billion from $7.935 billion last year.
CBRE Group, Inc. earnings at a glance (GAAP) :
-Earnings: $163 Mln. vs. $126 Mln. last year. -EPS: $0.54 vs. $0.41 last year. -Revenue: $8.910 Bln vs. $7.935 Bln last year.
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