CBRE Group (CBG) Beats On Q2 Earnings, Lifts 2017 Outlook
Zacks Investment Research | Jul 26, 2017 10:40PM ET
CBRE Group Inc. (NYSE:CBG) reported second-quarter 2017 adjusted earnings per share of 65 cents, beating the Zacks Consensus Estimate of 53 cents. The figure also marked a 25% increase from the prior-year quarter tally of 52 cents.
Results reflect strength in regional services business and solid organic growth in global occupier outsourcing business, and benefit from cost control efforts. The company also raised its adjusted earnings per share outlook for full-year 2017.
On a GAAP basis, earnings per share came in at 58 cents, ahead of the prior-year quarter earnings per share of 36 cents.
CBRE Group, Inc. Price, Consensus and EPS Surprise
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