Jones Lang Lasalle Q2 adjusted earnings Miss Estimates

(RTTNews) - Jones Lang Lasalle (JLL) revealed earnings for second quarter that fell from last year.

The company's profit totaled $15.2 million, or $0.29 per share. This compares with $110.5 million, or $2.40 per share, in last year's second quarter.

Excluding items, Jones Lang Lasalle reported adjusted earnings of $36.8 million or $0.71 per share for the period.

Analysts had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 14.1% to $3.67 billion from $4.27 billion last year.

Jones Lang Lasalle earnings at a glance:

-Earnings (Q2): $36.8 Mln. vs. $135.5 Mln. last year. -EPS (Q2): $0.71 vs. $2.94 last year. -Analysts Estimate: $1.03 -Revenue (Q2): $3.67 Bln vs. $4.27 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.