CBRE Group Inc. (CBG) Thursday reported first-quarter net income of $37.5 million or $0.11 per share, up from $27.0 million or $0.08 per share last year.
Adjusted earnings for the quarter improved to $0.16 per share from $0.14 per share last year. Analysts polled by Thomson Reuters estimated earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter grew to $1.48 billion from $1.35 billion last year. Analysts estimated revenues of $1.45 billion for the quarter.
The company continues to expect adjusted earnings of $1.40 to $1.45 per share for the full year 2013. Analysts currently estimate earnings of $1.42 per share on revenues of $7.04 billion for the year.
For comments and feedback: editorial@rttnews.com