LOS ANGELES (AP) _ CBRE Group Inc. (CBRE) on Thursday reported first-quarter earnings of $172.2 million.

On a per-share basis, the Los Angeles-based company said it had net income of 51 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The provider of real estate investment management services posted revenue of $5.89 billion in the period.

CBRE shares have decreased 38% since the beginning of the year. The stock has dropped 26% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBRE at https://www.zacks.com/ap/CBRE

Automated Insights, source Associated Press News