July 30, 2015 Comments Off on CBRE, JLL Post Higher Earnings and Revenue Views: 505 National News

CBRE, JLL Post Higher Earnings and Revenue

Two of the larger commercial real estate brokerage houses posted strong financial results over their most recent quarters. CBRE and JLL both reported double-digit earnings increases during their Q2 periods.

CBRE’s earnings were at 42 cents per share, up a nice 17 percent from the same year-ago period. The firm’s revenues also rose 12 percent, hitting just under $2.4 billion. It was the seventh time in the last eight quarters that CBRE hit double digit gains in both categories.

Meanwhile, JLL, saw its earnings hit $2.01 per share, up 20 percent from the prior year. Its revenue also rose 7.5 percent, making it to $1.37 billion.

Apparently, though, both companies were impacted negatively by foreign exchange impacts.

Read More at Investor’s Business Daily

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