Investing.com - CBRE A reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CBRE A announced earnings per share of $1.83 on revenue of $6.46B. Analysts polled by Investing.com anticipated EPS of $1.39 on revenue of $7.74B.
CBRE A shares are down 24% from the beginning of the year, still down 24.68% from its 52 week high of $111.00 set on January 4. They are under-performing the S&P 500 which is down 12.82% from the start of the year.
CBRE A shares gained 3.70% in pre-market trade following the report.
CBRE A follows other major Real Estate sector earnings this month
CBRE A's report follows an earnings beat by American Tower on July 28, who reported EPS of $1.95 on revenue of $2.67B, compared to forecasts EPS of $0.9591 on revenue of $2.65B.
Prologis had beat expectations on July 18 with second quarter EPS of $0.82 on revenue of $1.09B, compared to forecast for EPS of $0.6478 on revenue of $1.11B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar