CBRE Group (CBRE) Misses Q2 EPS by 7c

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Go back to CBRE Group (CBRE) Misses Q2 EPS by 7c

CBRE Group, Inc. Reports Second-Quarter 2020 Financial Results

July 31, 2020 6:55 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBRE) today reported financial results for the second quarter ended June 30, 2020.

As expected, Covid-19 took a toll on our performance in the second quarter, with impacts felt across every part of our business, said Bob Sulentic, CBREs president & chief executive officer. However, the overall impact was cushioned by our diverse business mix, particularly the sustained growth of our contractual businesses over the past decade. We also benefited from early moves to reduce our expense base, a process that is continuing, and strengthened our financial position... More