CBRE Group (CBG) Tops Q2 EPS by 1c
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CBRE Group, Inc. Reports Strong Financial Results for Second-Quarter 2016
July 28, 2016 6:55 AM EDTRevenue up 34%
Fee Revenue up 19%
GAAP EPS of $0.36; Adjusted EPS of $0.52
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBG) today reported strong financial results for the second quarter ended June 30, 2016.
Second-Quarter 2016 Results*
Revenue for the second quarter totaled $3.2 billion, an increase of 34% (35% local currency1). Fee revenue2 increased 19% (20% local currency) to $2.1 billion. The second quarter of 2016 included approximately $690 million of revenue from the acquired Global Workplace Solutions business. Excluding the acquired Global... More