Author: 123jump.com Staff
123jump.com
Last Update: 1:45 PM EDT April 30 2008
Jones Lang LaSalle first quarter revenue rose 15% to $564 million and earnings plunged 90% to $2.8 million or earnings per share declined to 9 cents from 81 cents in the quarter a year ago. Weak transaction revenue growth in Europe and a decline in capital markets activites hurt the earnings. Separately, CB Richard Ellis reported flat revenue of $1.23 billion and earnings of $20.45 million or 10 cents per share compared to $12 million or 5 cents per share in the quarter a year ago.
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