Jones Lang LaSalle's third-quarter profit tops Wall Street forecast |
|
|
|
Published
:
Wed, 31 Oct 2007 22:47
|
SAN FRANCISCO (Thomson Financial) - Jones Lang LaSalle Inc. late Wednesday reported third-quarter net income of $46.5 million, or $1.38 a share, topping the $1.27 mean estimate of analysts polled by Thomson Financial.In the same period of 2006, net income was $24.7 million, or 73 cents a share.Revenue for the quarter ended Sept. 30 rose 35% to $624.2 million, the Chicago-based provider of real estate and investment management services said.Operating income increased 73% from last year to $64.5 million.Jones Lang LaSalle also said it is raising its semi-annual dividend 43% to 50 cents from 35 cents, payable Dec. 14 to holders of record as of Nov. 15.The company's shares closed the regular session up 1.3% at $95.33.Gabriel MadwaygmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
1449.80 |
+51.73 (
3.63 %)
|
| SYMBOL (
2008-12-02 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
1347.00 |
+51.00 (
4.02 %)
|
| SYMBOL (
2008-12-02 )
|
| LAST |
CHANGE
|
|
IBM
(
4:01pm ) |
|
79.84 |
+2.94 (
3.78 %)
|
| SYMBOL (
2008-12-02 )
|
| LAST |
CHANGE
|
|
GOOGLE
(
4:00pm ) |
|
275.11 |
+9.12 (
3.37 %)
|
|
|
Print this Story
PrivateBancorp Inc. hires 12 former LaSalle Bank executives 