TORONTO (AP) — TORONTO (AP) — Colliers International Group Inc. (CIGI) on Thursday reported second-quarter net income of $36.7 million.
The Toronto-based company said it had net income of 73 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.36 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The commercial real estate services provider posted revenue of $1.14 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $1.11 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIGI at https://www.zacks.com/ap/CIGI
