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Colliers International: Q3 Earnings Snapshot
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TORONTO (AP) — TORONTO (AP) — Colliers International Group Inc. (CIGI) on Wednesday reported third-quarter profit of $7 million.

The Toronto-based company said it had profit of 14 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.97 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.

The commercial real estate services provider posted revenue of $1.64 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.68 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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