CBRE Group Inc (CBG) Releases Earnings Results, Beats Expectations By $0.02 EPS

CBRE Group Inc (CBG) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.34. The company posted revenue of $2846.70 million in the period, compared to analysts expectations of $2760.88 million. The company’s revenue was up 38.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

CBRE Group Inc opened for trading at $30.44 and hit $30.82 on the upside on Wednesday, eventually ending the session at $30.6, with a gain of 0.72% or 0.22 points. The heightened volatility saw the trading volume jump to 23,66,611 shares. Company has a market cap of $10,228 M.

In a different news, on Apr 15, 2016, James R Groch (Chief Financial Officer) sold 30,000 shares at $30.00 per share price. According to the SEC, on Mar 17, 2016, Frederic V Malek (director) sold 5,924 shares at $27.00 per share price. On Feb 19, 2016, Christopher T Jenny (director) purchased 29,000 shares at $25.42 per share price, according to the Form-4 filing with the securities and exchange commission.

CBRE Group Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe Middle East and Africa; Asia Pacific; Global Investment Management and Development Services. It offers services to occupiers owners lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies including commercial property and corporate facilities management tenant/occupier and property/agency leasing capital markets solutions (property sales commercial mortgage origination and servicing and debt/structured finance) real estate investment management valuation development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.

CBRE Group Inc

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