07:26 AM EDT, 05/06/2025 (MT Newswires) -- Colliers International Group ( CIGI ) dropped 2.4% at last look Tuesday in Nasdaq pre-market trading despite the company booking higher adjusted earnings in the first quarter.

The company posted adjusted earnings of US$0.87 per share, rising from US$0.77 and matching the analyst non-GAAP EPS consensus estimate of US$0.87 compiled by FactSet.

Revenue rose to US$1.14 billion from US$1.0 billion, slightly below the analyst sales consensus estimate of US$1.17 billion. Adjusted EBITDA climbed to US$116 million from US$108.7 million.

"We're pleased with our operating results for the quarter, which met expectations and keep us on track to achieve our full-year targets," said Jay Hennick, chairman and CEO of Colliers.

The company said its 2025 outlook remained unchanged, citing expectations that global trade uncertainty will lessen in the second half and interest rate volatility will not increase for the rest of the year.

"Time and again, our leadership team has navigated uncertainty with discipline and has seized opportunities that present themselves - and this time is no different," Hennick said. "That said, we're seeing strength across all our business segments and geographies, which we expect will continue, particularly through the back half of the year."