CBRE Group (CBG) Misses Q2 EPS by 1c
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CBRE Group, Inc. Reports Strong Financial Results for the Second Quarter of 2015
July 29, 2015 6:30 AM EDT
Fee Revenue up 12% (19% in local currency)
Normalized
EBITDA up 16% (22% in local currency)
Adjusted Earnings Per
Share up 17% (31% without currency effects)
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBG) today reported strong revenue and earnings growth for the second quarter ended June 30, 2015.
Second-Quarter 2015 Results*
Revenue for the quarter totaled $2.4 billion, an increase of 12% (19% in local currency1). Fee revenue2 also increased 12% (19% in local currency) to $1.8 billion. On a U.S. GAAP basis, net income rose 19% to $125.0 million. GAAP... More