Cushman & Wakefield plc (CWK) Misses Q3 EPS by 2c

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Cushman & Wakefield Reports Financial Results for the Third Quarter 2023

October 30, 2023 4:05 PM EDT

CHICAGO--(BUSINESS WIRE)-- Cushman & Wakefield (NYSE: CWK) today reported financial results for the third quarter of 2023:

Year-to-Date Results:

Revenue of $6.9 billion and service line fee revenue of $4.7 billion for the nine months ended September 30, 2023 decreased 7% and 12%, respectively, from the nine months ended September 30, 2022. Property, facilities and project management grew 3%, primarily driven by the Americas and APAC. Leasing, Capital markets and Valuation and other declined 19%, 44% and 15%, respectively. Net loss and diluted loss per share for the nine months ended September 30, 2023 were $105.2 million and... More