Jones Lang LaSalle +3.2% after Q4 blow-out

|About: Jones Lang Lasalle Inc. (JLL)|By:, SA News Editor

Jones Lang LaSalle (NYSE:JLL) gains 3.2% in premarket trading after Q4 adjusted EPS of $5.99 blows past the average analyst estimate of $4.89.

Compares with $4.53 a year ago.

"We entered 2019 with strong business momentum that positions JLL for continued top-line and earnings growth in our Real Estate Services business," says JLL CEO Christian Ulbrich.

Q4 total revenue of $4.89B rose 13% from $4.34B in the year-ago quarter.

Q4 adjusted EBITDA of $418.0M vs. $330.8M a year ago; adjusted EBITDA margin, calculated on a fee-revenue basis, was 19.7% in U.S. dollars, compared with 17.7% in Q4 2017.

Assets under management were $60.5B as of Dec. 31, 2018, up 2% in U.S. dollars and local currency from $59.5B at Sept. 30, 2018.

Conference call at 9:00 AM ET.

Previously: Jones Lang Lasalle beats by $1.10, beats on revenue (Feb. 12)

Subscribe for full text news in your inbox