CBRE: 4Q Earnings Snapshot

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DALLAS (AP) _ CBRE Group Inc. (CBRE) on Tuesday reported fourth-quarter net income of $313.8 million.

The Dallas-based company said it had profit of 93 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.45 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The provider of real estate investment management services posted revenue of $6.91 billion in the period.

For the year, the company reported profit of $752 million, or $2.22 per share. Revenue was reported as $23.83 billion.

CBRE shares have climbed 20% since the beginning of the year. The stock has climbed 18% in the last 12 months.

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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 CBRE at https://www.zacks.com/ap/CBRE