Jones Lang LaSalle Inc. (JLL) reported reported net income for the first quarter of $13.15 million or $0.29 per share, compared to $14.02 million or $0.31 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $16.0 million or $0.36 per share, compared to $23.3 million or $0.50 per share in the prior year quarter.
Total revenue for the quarter rose 6% to $855.98 million from $813.29 million a year ago. On a fee revenue basis, revenue increased to $781 million for the quarter.
Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $844.69 million for the first quarter.
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