Investing.com - CBRE A reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CBRE A announced earnings per share of $1.36 on revenue of $6.46B. Analysts polled by Investing.com anticipated EPS of $0.7527 on revenue of $6.12B.
CBRE A shares are up 45% from the beginning of the year and are trading at $91.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 17.16% from the start of the year.
CBRE A follows other major Real Estate sector earnings this month
CBRE A's report follows an earnings beat by Prologis on July 19, who reported EPS of $0.81 on revenue of $1.01B, compared to forecasts EPS of $0.4287 on revenue of $1.01B.
Equinix had missed expectations on Wednesday with second quarter EPS of $0.76 on revenue of $1.66B, compared to forecast for EPS of $1.87 on revenue of $1.64B.
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