CBRE: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 07:50 AM ET
Last Updated - Jun 22, 2023, 08:00 PM EDT
DALLAS (AP) — DALLAS (AP) — CBRE Group Inc. (CBRE) on Thursday reported fourth-quarter net income of $81.1 million.
On a per-share basis, the Dallas-based company said it had net income of 25 cents. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The provider of real estate investment management services posted revenue of $8.19 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $8.13 billion.
