Stocks in Play

Colliers International Group Inc.

10:09 AM EST - Colliers International Group Inc. : Reported operating and financial results for its second quarter ended June 30, 2019. All amounts are in U.S. dollars. Revenues for the second quarter were $745.5 million, a 12% increase (15% in local currency) relative to the same quarter in the prior year, adjusted EBITDA was $87.3 million, up 26% (30% in local currency) and adjusted EPS was $1.10, a 16% increase versus the prior year quarter. Second-quarter adjusted EPS would have been approximately $0.04 higher excluding foreign exchange impacts. GAAP operating earnings were $57.2 million, relative to $45.6 million in the prior year period. GAAP diluted net earnings per common share was $0.60 in the quarter, flat versus $0.60 per share for the same quarter a year ago. Second-quarter GAAP EPS would have been approximately $0.04 higher excluding changes in foreign exchange rates. Colliers International Group Inc. shares T.CIGI are trading down $6.43 at $94.68.