Jones Lang Lasalle Q1 Profit Rises, Misses View - Quick Facts

(RTTNews) - Property management company Jones Lang Lasalle Inc. (JLL) said first-quarter net income attributable to the company improved to $15.9 million from $13.16 million. Earnings per share improved to $0.35 from $0.29.

Adjusted earnings per share were $0.39, while it totaled $0.36 last year. On average, seven analysts polled by Thomson Reuters expected earnings of $0.43 per share. Analysts estimates typically exclude special items.

Revenue increased to $1.037 billion from $856 million. Analysts expected revenues of $962.87 million.

Colin Dyer, the firm's President and CEO, said, "Solid first-quarter revenue and profits produced a good start to 2014 for JLL. The broad strength of our business globally and improved client confidence in market conditions point to another year of healthy growth for the firm."