Colliers International (CIGI) Tops Q4 EPS by 17c

Colliers International (NASDAQ: CIGI) reported Q4 EPS of $1.22, $0.17 better than the analyst estimate of $1.05. Revenue for the quarter came in at $576 million versus the consensus estimate of $606.84 million.

"Colliers International reported record revenue and earnings in 2016 despite political uncertainty and more challenging market conditions than the prior year. With strong results and the momentum we have created so far this year including significant acquisitions in Northern California, Nevada and Denmark, we fully expect 2017 to be another step forward in achieving our ambitious growth plans,” said Jay S. Hennick, Chairman and Chief Executive Officer. “As one of the leading global players in commercial real estate, with a highly recognized global brand, ample financial capacity and a proven management team with a significant equity stake, Colliers International is in excellent position to continue generating value for shareholders in the years to come,” he concluded.

For earnings history and earnings-related data on Colliers International (CIGI) click here.

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