Cbre Group (CBG) Misses Q4 EPS by 2c

Cbre Group (NYSE: CBG) reported Q4 EPS of $0.68, $0.02 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.64 billion.

“2014 was a banner year for CBRE,” said Bob Sulentic, the company’s president and chief executive officer. “We generated strong growth and reached new milestones for total revenue and EBITDA. We achieved these results by investing in our professionals and platform, as our people worked together to create distinct advantages for our clients. Importantly, for the full year, our regional services businesses, together, achieved significant operating leverage before the contributions from Norland. In the fourth quarter, our people drove continued strong gains in our global leasing, occupier outsourcing and capital markets business lines as well as in our U.S. real estate development services business.”

For earnings history and earnings-related data on Cbre Group (CBG) click here.

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