Jones Lang Lasalle Q4 Profit Decreases, misses estimates

(RTTNews) - Jones Lang Lasalle (JLL) released a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $174.8 million, or $3.62 per share. This compares with $421.4 million, or $8.16 per share, in last year's fourth quarter.

Excluding items, Jones Lang Lasalle reported adjusted earnings of $210.6 million or $4.36 per share for the period.

Analysts on average had expected the company to earn $4.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.9% to $5.60 billion from $5.95 billion last year.

Jones Lang Lasalle earnings at a glance (GAAP) :

-Earnings (Q4): $174.8 Mln. vs. $421.4 Mln. last year. -EPS (Q4): $3.62 vs. $8.16 last year. -Analyst Estimates: $4.44 -Revenue (Q4): $5.60 Bln vs. $5.95 Bln last year.