Colliers International Reports Q4 Earnings, Misses Expectations
TORONTO, Feb. 23 (AP) - Colliers International Group Inc. (CIGI) today disclosed fourth-quarter earnings of $75.1 million. On a per-share basis, the Toronto-based company recorded a profit of $1.47.
Adjusting for non-recurring costs and stock option expenses, earnings reached $2.26 per share, falling short of Wall Street estimates. Zacks Investment Research's survey of five analysts projected earnings of $2.39 per share.
CIGI's revenue for the period totaled $1.5 billion, surpassing Street forecasts. Four analysts polled by Zacks expected $1.45 billion.
During the year, the company reported a profit of $161.7 million ($3.22 per share) and revenue of $4.82 billion.
Note: This article was automatically generated using data from Zacks Investment Research. Access a Zacks stock report on CIGI at https://www.zacks.com/ap/CIGI