04:51 PM EDT, 05/02/2024 (MT Newswires) -- Altus Group ( ASGTF ) on Thursday said its first-quarter loss narrowed as revenue rose.

The company, which provides asset and fund intelligence for commercial real estate, reported a loss of C$0.2 million, or nil per share, missing the Capital IQ consensus estimate for a profit of $0.16 per share, and compared with a loss of C$2 million, or C$0.05 per share, last year.

Adjusted earnings, excluding most one-time items was unchanged at C$0.33, missing Capital IQ's estimate of C$0.38.

Altus reported consolidated revenue was 4.6% higher, to C$199.5 million, from C$191 million in the year-prior quarter

A quarterly dividend of C$0.15 was declared, payable on July 15.

Altus shares closed down C$0.54 to C$50.77 on the Toronto Stock Exchange.