Cushman & Wakefield plc (CWK) Misses Q3 EPS by 1c, Revenue Beats
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Cushman & Wakefield Reports Financial Results for Third Quarter 2020
November 5, 2020 4:10 PM ESTCHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the third quarter ended September 30, 2020:
Revenue for the third quarter of 2020 of $1.9 billion was down 9% (9% local currencyi) from the third quarter of 2019. Fee revenue of $1.3 billion was down 14% (15% local currency) versus the prior year. Net loss and loss per share for the third quarter of 2020 were $37.3 million and $0.17, respectively. Adjusted earnings per share was $0.16. Adjusted EBITDA was $117.1 million, down 31% (31% local currency) from the third quarter of 2019. Maintained significant liquidity as of the... More