CBRE Group (CBG) Tops Q3 EPS by 5c, Raises Guidance
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CBRE Group, Inc. Reports Robust Revenue and Earnings Growth for the Third Quarter of 2015
October 27, 2015 4:05 PM EDT
Fee Revenue up 14% (21% in local currency)
Normalized
EBITDA up 18% (24% in local currency)
Adjusted Earnings Per
Share up 28% to $0.51
Company Increases Expected 2016 Adjusted EPS Accretion
From
Global Workplace Solutions Acquisition
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBG) today reported robust revenue and earnings growth for the third quarter ended September 30, 2015.
Third-Quarter 2015 Results*
Revenue for the quarter totaled $2.7 billion, an increase of 19% (26% in local currency1). Fee revenue2 increased 14% (21% in local currency) to... More