Jones Lang Lasalle Earnings: Top and Bottom Line Growth

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.

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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…

…Again, we continue to secure market share growth, productivity improvements and expanded client relationships.  Our quarterly and full-year performance leaves us confident that we will continue to progress in 2013,” Dyer added.

Key Stats:

Revenue increased 31.65% from $949.49 million in the previous quarter. Net income increased 136.32% from $49.51 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.29 to a profit $0.35. For the current year, the average estimate is a profit of $5.47, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials.)