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CBRE Group's Q2 Core Earnings Fall, Revenue Increases; Raises 2024 Core EPS Guidance
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CBRE Group's Q2 Core Earnings Fall, Revenue Increases; Raises 2024 Core EPS Guidance
Jul 25, 2024 5:06 AM

07:32 AM EDT, 07/25/2024 (MT Newswires) -- CBRE Group ( CBRE ) reported Q2 core earnings Thursday of $0.81 per diluted share, down from $0.82 a year earlier.

Analysts polled by Capital IQ expected $0.71.

Total revenue for the quarter ended June 30 was $8.39 billion, up from $7.72 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.31 billion.

The company said it now expects 2024 core earnings of $4.70 to $4.90, up from $4.25 to $4.65 previously. Analysts polled by Capital IQ expect $4.44.

CBRE ( CBRE ) shares were up nearly 2% in recent Thursday premarket activity.

Price: 99.84, Change: +1.54, Percent Change: +1.57

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