Colliers International Group Inc. (CIGI) reported a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $81.5 million, or $1.47 per share. This compares with $81.2 million, or $1.42 per share, last year.
Excluding items, Colliers International Group Inc. reported adjusted earnings of $115.3 million or $2.26 per share for the period.
Analysts on average had expected the company to earn $2.38 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 21.6% to $1.502 billion from $1.235 billion last year.
Colliers International Group Inc. earnings at a glance (GAAP) :
-Earnings: $81.5 Mln. vs. $81.2 Mln. last year.-EPS: $1.47 vs. $1.42 last year.-Revenue: $1.502 Bln vs. $1.235 Bln last year.
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