Jones Lang LaSalle Q4 Profit Edges Up

(RTTNews) - Jones Lang LaSalle Inc. (JLL) Wednesday announced fourth quarter net income of $196 million or $.315 per share, compared to $194 million or $4.28 per share last year. On an adjusted basis, earnings were $206 million or $4.53 per share.

On average, 7 analysts polled by Thomson Reuters expected the company to earn $4.78 per share. Analysts estimates usually exclude special items.

Revenue for the quarter rose to $1.89 billion from $1.75 billion a year ago. Wall Street expected the company to earn $1.90 billion.

Colin Dyer, president and CEO of JLL said, "Growth will continue in 2016, driven by the caliber of our people, targeted investments and strategic acquisitions, all combining to expand our services and build the long-term value of our company."