JLL

Jones Lang Lasalle Q4 Profit Decreases, but beats estimates

(RTTNews) - Jones Lang Lasalle (JLL) revealed a profit for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $172.4 million, or $3.57 per share. This compares with $174.8 million, or $3.62 per share, in last year's fourth quarter.

Excluding items, Jones Lang Lasalle reported adjusted earnings of $204.5 million or $4.23 per share for the period.

Analysts on average had expected the company to earn $3.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.0% to $5.88 billion from $5.60 billion last year.

Jones Lang Lasalle earnings at a glance (GAAP) :

-Earnings (Q4): $172.4 Mln. vs. $174.8 Mln. last year. -EPS (Q4): $3.57 vs. $3.62 last year. -Analyst Estimates: $3.74 -Revenue (Q4): $5.88 Bln vs. $5.60 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.

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