Colliers International Group (CIGI.TO) fell 3.4% in pre-market Nasdaq trading on Thursday after its fourth-quarter profit missed estimates.
The professional services and wealth-management company said it earned US$75.12 million, or US$1.47 per share, in the period, up from US$67.43 million, or US$1.42, in the year-prior quarter.
Adjusted earnings per share, excluding most one-time items, rose to US$2.26 from US$2.00, but lagged the FactSet consensus estimate for adjusted earnings of US$2.38 per share.
Revenue rose 22% to US$1.5 billion from US$$1.24 billion.
"Engineering revenues recorded the highest percentage increase driven by recent acquisitions in Canada, the US and Australia. Real Estate Services performed strongly in both Capital Markets and Leasing, while Investment Management experienced modest growth compared to the previous year," Chief Executive Jay Hennick said in a release.
The company expects growth to continue in 2025, with capital markets operations benefitting from stable interest rates and its engineering business working on a robust contract backlog.
Colliers shares were last seen down US$4.95 to US$140.97 pre-market. They closed up $3.15 to $208.51 Wednesday on the Toronto Stock Exchange.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。