CBRE Group Q4 Profit Down - Quick Facts

(RTTNews) - CBRE Group, Inc. (CBG) Wednesday reported fourth-quarter profit of $114.6 million or $0.34 per share, down from $173.0 million or $0.53 per share in the same period last year.

Adjusted earnings for the quarter were $221.3 million or $0.67 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 11 percent to $2.2 billion from $2.0 billion last year. Analysts expected revenues of $2.17 billion.

Looking ahead, CBRE expects to achieve full-year 2014 earnings in the range of $1.55 to $1.60 per share. Analysts currently expect full-year earnings of $1.65 per share.