CBRE Group, Inc. Q1 Income Advances 14%

(RTTNews) - CBRE Group, Inc. (CBG) released a profit for its first quarter that increased from last year.

The company said its bottom line totaled $120.85 million, or $0.36 per share. This was higher than $105.95 million, or $0.32 per share, in last year's first quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 39.0% to $2.85 billion. This was up from $2.05 billion last year.

CBRE Group, Inc. earnings at a glance:

-Earnings (Q1): $120.85 Mln. vs. $105.95 Mln. last year. -Earnings Growth (Y-o-Y): 14.1% -EPS (Q1): $0.36 vs. $0.32 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $0.35 -Revenue (Q1): $2.85 Bln vs. $2.05 Bln last year. -Revenue Change (Y-o-Y): 39.0%

-Guidance: Full year EPS guidance: $2.27 - $2.37