By Adriano Marchese

Colliers International Group swung to a loss in the first quarter, while revenue growth missed views.

The Canada professional services and investment management firm on Tuesday posted net loss of $4.3 million, or 8 cents a share, compared with a profit of $12.7 million, or 26 cents a share, in the prior-year quarter.

Adjusted earnings were 87 cents a share, in-line with analyst forecasts, according to FactSet.

Revenues rose to $1.14 billion from $1 billion, shy of the $1.17 billion that analysts expected.

Real estate services revenue, its largest segment, saw a decline of 1%, while its engineering revenues jumped 59% to $377.90 million. Investment management revenues rose 3%.

For the year, Colliers backed its outlook, which its chief executive and chairman, Jay Hennick, called conservative. However, behind the consideration was an assumption that global trade uncertainty and interest rate volatility will improve in the back half of the year.

"When we set our outlook for the year, we took a conservative stance given the macroeconomic and political uncertainty," Hennick said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 06, 2025 07:23 ET (11:23 GMT)

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