Jones Lang LaSalle (JLL) Q1 Earnings & Revenues Top Estimates Zacks.com 5/6/2021
Jones Lang LaSalle Inc. JLL popularly known as JLL reported first-quarter 2021 adjusted earnings of $2.10 per share, handily beating the Zacks Consensus Estimate of 60 cents. Revenues for the quarter came in at $4.04 billion, surpassing the Zacks Consensus Estimate of $3.75 billion.
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Continued strength of Americas Corporate Solutions helped drive Property & Facility Management growth, while transaction-based service lines reflect improving economic conditions, highlighted by solid recovery in Asia Pacific. Moreover, the company’s overall margin expansion included valuation increases to JLL Technologies strategic proptech investments, Year-over-year changes in loan loss credit reserves and the fair value of LaSalle s co-investment portfolio as well as cost-mitigation benefits.