TORONTO (AP) — TORONTO (AP) — Colliers International Group Inc. (CIGI) on Thursday reported second-quarter profit of $28.5 million.
On a per-share basis, the Toronto-based company said it had net income of 56 cents. Earnings, adjusted for amortization costs and stock option expense, were $1.83 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.
The commercial real estate services provider posted revenue of $1.57 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.53 billion.
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