UPDATE: Cushman & Wakefield plc (CWK) Posts In-Line Q2 EPS, Revenues In-Line
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Cushman & Wakefield Reports Strong Financial Results for Second Quarter 2018
September 5, 2018 4:15 PM EDTCHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the second quarter ended June 30, 2018i.
Revenue for the second quarter was $2.0 billion, up 16% (15% local currencyii). Fee revenue was $1.4 billion, up 11% (10% local currency). Net loss decreased $15.1 million to $(32.2) million, while net loss per share decreased $0.11 to $(0.22) per share. Adjusted EPS was $0.46, an increase of $0.17 or 59%. Adjusted EBITDA was $169.8 million, up 30% (28% local currency). Adjusted EBITDA margin of 11.8% was up 180 bps versus second quarter 2017 driven by Fee revenue mix and operating leverage.... More