07:58 AM EDT, 05/02/2024 (MT Newswires) -- Colliers International Group ( CIGI ) , a professional services and investment management company, on Thursday reported first-quarter adjusted earnings of US$37.5 million ($51.5 million), or US$0.77 per share, down from US$40.6 million, or US$0.86 per share, a year earlier.

Analysts polled by Capital IQ expected US$0.93.

Revenue for the quarter ended March 31 was US$1 billion, up 4% from US$965.9 million a year earlier. Analysts surveyed by Capital IQ expected US$991.4 million.

Adjusted EBITDA for Q1 was US$108.7 million, up 4% from US$104.6 million a year earlier.

Maintaining its outlook for 2024, the company said it is expecting revenue growth of +5% to +10%, adjusted EBITDA growth of +5% to +15%, and adjusted EPS growth of +10% to +20%.