CBRE Group (CBG) Tops Q1 EPS by 1c, Maintains FY EPS Guidance
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CBRE Group, Inc. Reports Strong Financial Results for First-Quarter 2016
April 28, 2016 6:55 AM EDTRevenue up 39% (42% local currency)
Fee Revenue up 25% (28% local currency)
GAAP EPS of $0.24; Adjusted EPS of $0.36
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBG) today reported strong financial results for the first quarter ended March 31, 2016.
First-Quarter 2016 Results*
Revenue for the first quarter totaled $2.8 billion, an increase of 39% (42% local currency1). Fee revenue2 increased 25% (28% local currency) to $1.8 billion. The first quarter of 2016 included approximately $654 million of revenue from the acquired Global Workplace Solutions... More