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CBRE: 4Q Earnings Snapshot

February 13, 2019

LOS ANGELES (AP) _ CBRE Group Inc. (CBRE) on Wednesday reported fourth-quarter earnings of $393.8 million.

On a per-share basis, the Los Angeles-based company said it had profit of $1.15. Earnings, adjusted for one-time gains and costs, came to $1.21 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The provider of real estate investment management services posted revenue of $6.29 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $5.94 billion.

For the year, the company reported profit of $1.06 billion, or $3.10 per share. Revenue was reported as $21.34 billion.

CBRE shares have climbed 19 percent since the beginning of the year. The stock has increased 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRE at https://www.zacks.com/ap/CBRE

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