JLL Posts $7.28B in Q3 Revenue
JLL sits 16% above its 52-week low of $259.83.
Summary
JLL reported third-quarter revenue of $7.28B, up 12% and slightly beating estimates, per Dow Jones. That compares with $6.93B in Q2, when revenue rose 11% and management raised full-year guidance. Q3 EPS rose 49% to $6.85, with net income of $319.8M and adjusted EPS of $6.76, and the company raised its full-year adjusted EPS target. Context matters: Q2 was a record quarter with EPS doubling to $4.59 and a $2.2B buyback authorization, so the bar for Q3 was high.
At the time of this announcement, JLL was trading at $300.75 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $13.8B. The 52-week trading range was $259.83 to $393.84. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.