CBRE Group (CBG) Tops Q3 EPS by 5c, Raises Guidance

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Go back to CBRE Group (CBG) Tops Q3 EPS by 5c, Raises Guidance

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