12:20 PM EDT, 10/24/2024 (MT Newswires) -- (Updates with stock movement in headline and first paragraph.)

CBRE Group ( CBRE ) shares jumped 8.7% in recent Thursday trading after the company reported Q3 earnings and revenue that rose more than forecast and raised the full-year profit outlook.

In the three months ended Sept. 30, core earnings rose to $1.20 per diluted share from $0.72 a year earlier, the company said Thursday.

Analysts polled by Capital IQ expected $1.06.

Total revenue rose to $9.04 billion from $7.87 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.8 billion.

The real estate company boosted 2024 core earnings guidance to the range of $4.95 to $5.05 a share from $4.70 to $4.90. Analysts polled by Capital IQ expect $4.82.

Price: 133.83, Change: +10.71, Percent Change: +8.70