10:22 AM EDT, 05/02/2024 (MT Newswires) -- Colliers International ( CIGI ) shares were falling 3% in recent Thursday trading after the company's Q1 adjusted earnings came in below analysts' estimates.

The company reported Q1 adjusted earnings Thursday of $0.77 per diluted share, down from $0.86 a year earlier.

Analysts polled by Capital IQ expected $0.93.

Revenue for the quarter ended March 31 was $1 billion, up from $965.9 million a year earlier.

Analysts surveyed by Capital IQ expected $991.4 million.

Price: 101.24, Change: -3.45, Percent Change: -3.29