CBRE Group, Inc. (CBRE) reported a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $215 million, or $0.72 per share. This compares with $130 million, or $0.42 per share, last year.
Excluding items, CBRE Group, Inc. reported adjusted earnings of $358 million or $1.19 per share for the period.
Analysts on average had expected the company to earn $1.07 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 16.2% to $9.75 billion from $8.39 billion last year.
CBRE Group, Inc. earnings at a glance (GAAP) :
-Earnings: $215 Mln. vs. $130 Mln. last year.-EPS: $0.72 vs. $0.42 last year.-Revenue: $9.75 Bln vs. $8.39 Bln last year.
-Guidance:Full year EPS guidance: $6.10 - $6.20
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.