Cushman & Wakefield plc (CWK) Reports In-Line Q1 EPS

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Cushman & Wakefield Reports Revenue Growth for First Quarter 2019

May 7, 2019 4:13 PM EDT

CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the first quarter ended March31, 2019:

Revenue for the first quarter of 2019 was $1.9 billion, up 8% (10% local currencyi) from first quarter 2018. Fee revenue was $1.4 billion, up 10% (13% local currency). Net loss for the first quarter of 2019 was $(20.9) million, an improvement of $72.0 million over first quarter of 2018 with Net loss per share of $(0.10). Adjusted earnings per share was $0.10. Adjusted EBITDA was $88.4 million, up 18% (19% local currency) from first quarter 2018. Adjusted EBITDA margin... More