By Josee Rose
CBRE said third-quarter earnings and revenue rose and raised its core earnings view for the year.
The real-estate services firm said Thursday posted net income of $363 million, or $1.21 a share, compared with $225 million, or 73 cents a share, a year earlier. It said core earnings were $1.61 a share.
Revenue for the quarter rose to $10.26 billion as all of its segments grew.
On average, for the quarter, analysts had been expecting earnings of $1.29 a share, adjusted earnings of $1.46 a share and revenue of $10.11 billion.
CBRE said both advisory services revenue and global leasing revenue rose in the quarter, while global property sales revenue rose 30%, which was stronger than expected.
The company raised its core earnings outlook to $6.25 to $6.35 a share, from a prior view of $6.10 to $6.20 a share. Analysts are expecting full-year adjusted earnings of $6.20 a share.
Write to Josee Rose at josee.rose@wsj.com
(END) Dow Jones Newswires
October 23, 2025 07:15 ET (11:15 GMT)
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