Jones Lang Lasalle Q1 Profit Decreases, But Beats Estimates

(RTTNews) - Jones Lang Lasalle (JLL) reported earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $55.3 million, or $1.14 per share. This compares with $66.1 million, or $1.37 per share, last year.

Excluding items, Jones Lang Lasalle reported adjusted earnings of $111.6 million or $2.31 per share for the period.

Analysts on average had expected the company to earn $2.18 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.1% to $5.746 billion from $5.124 billion last year.

Jones Lang Lasalle earnings at a glance (GAAP) :

-Earnings: $55.3 Mln. vs. $66.1 Mln. last year. -EPS: $1.14 vs. $1.37 last year. -Revenue: $5.746 Bln vs. $5.124 Bln last year.