Jones Lang Lasalle Inc. (NYSE:JLL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Jones Lang Lasalle Inc. Earnings Cheat Sheet
Results: Net income increased 37.78% to $117 million ($2.6 per diluted share) in the quarter versus a net gain of $84.92 million in the year-earlier quarter.
Revenue: Rose 8.87% to $1.25 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jones Lang Lasalle Inc. reported adjusted net income of $2.6 per share. By that measure, the company missed the mean analyst estimate of $2.61. It beat the average revenue estimate of $1.21 billion.
Quoting Management: “Our 2012 performance met our expectations, with a strong finish to the year in challenging global markets,” said Colin Dyer, Chief Executive Officer of Jones Lang LaSalle…