CBRE Group (CBG) Reports In-Line Q3 EPS; Reiterates Outlook
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CBRE Group, Inc. Reports Solid Financial Results for Third-Quarter 2016
October 27, 2016 6:46 AM EDT
Revenue of $3.2 billion, up 18% (20% local currency)
Fee
Revenue of $2.1 billion, up 9% (11% local currency)
GAAP EPS
of $0.31; Adjusted EPS of $0.50
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBG) today reported solid financial results for the third quarter ended September 30, 2016.
Third-Quarter 2016 Results*
Revenue for the third quarter totaled $3.2 billion, an increase of 18% (20% local currency1). Fee revenue2 increased 9% (11% local currency) to $2.1 billion. The third quarter of 2016 included approximately $429 million of additional revenue from the Global... More