LONDON (AP) _ Cushman & Wakefield (CWK) on Thursday reported first-quarter net income of $45.5 million, after reporting a loss in the same period a year earlier.

The London-based company said it had profit of 20 cents per share. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The company posted revenue of $2.33 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.18 billion.

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