Jones Lang LaSalle 3Q Profit, Revenue Rise On Accelerating Transactions

Dow Jones

Nov 06, 2024

By Ben Glickman

Jones Lang LaSalle's revenue and profit jumped in the third quarter as real-estate transaction activity continued to heat up.

The Chicago-based commercial real-estate company reported a profit of $155.1 million, or $3.20 a share, in the quarter, compared with a profit of $59.7 million, or $1.23 a share, a year earlier. Analysts polled by FactSet expected $2.54.

Stripping out certain one-time items, the company posted an adjusted profit of $3.50 a share, ahead of the $2.74 expected by analysts.

Revenue rose 15% from a year ago to $5.87 billion, beating the $5.62 billion expected by analysts.

Chief Executive Christian Ulbrich said the company's results were boosted by high demand for its outsourcing services and accelerating transaction activity, despite a "dynamic macro backdrop."

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

November 06, 2024 07:46 ET (12:46 GMT)

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Analysts polled by FactSet expected $2.54. \n</p>\n<p>\n  Stripping out certain one-time items, the company posted an adjusted profit of $3.50 a share, ahead of the $2.74 expected by analysts. \n</p>\n<p>\n  Revenue rose 15% from a year ago to $5.87 billion, beating the $5.62 billion expected by analysts. \n</p>\n<p>\n  Chief Executive Christian Ulbrich said the company's results were boosted by high demand for its outsourcing services and accelerating transaction activity, despite a \"dynamic macro backdrop.\" \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ben Glickman at ben.glickman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 07:46 ET (12:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JLL","symbol_name":"仲量联行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481056486","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481056486","pubTimestamp":1730897160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Jones Lang LaSalle's revenue and profit jumped in the third quarter as real-estate transaction activity continued to heat up.The Chicago-based commercial real-estate company reported a profit of $155.1 million, or $3.20 a share, in the quarter, compared with a profit of $59.7 million, or $1.23 a share, a year earlier. Analysts polled by FactSet expected $2.54.Stripping out certain one-time items, the company posted an adjusted profit of $3.50 a share, ahead of the $2.74 expected by analysts.Revenue rose 15% from a year ago to $5.87 billion, beating the $5.62 billion expected by analysts.Chief Executive Christian Ulbrich said the company's results were boosted by high demand for its outsourcing services and accelerating transaction activity, despite a \"dynamic macro backdrop.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"JLL":"仲量联行"},"translate_title":"仲量联行第三季度利润和收入因交易加速而增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JLL":1},"content_text":"By Ben Glickman \n\n\n \n\n\n  Jones Lang LaSalle's revenue and profit jumped in the third quarter as real-estate transaction activity continued to heat up. \n\n\n  The Chicago-based commercial real-estate company reported a profit of $155.1 million, or $3.20 a share, in the quarter, compared with a profit of $59.7 million, or $1.23 a share, a year earlier. Analysts polled by FactSet expected $2.54. \n\n\n  Stripping out certain one-time items, the company posted an adjusted profit of $3.50 a share, ahead of the $2.74 expected by analysts. \n\n\n  Revenue rose 15% from a year ago to $5.87 billion, beating the $5.62 billion expected by analysts. \n\n\n  Chief Executive Christian Ulbrich said the company's results were boosted by high demand for its outsourcing services and accelerating transaction activity, despite a \"dynamic macro backdrop.\" \n\n\n \n\n\n  Write to Ben Glickman at ben.glickman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2024 07:46 ET (12:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}