CBRE forecasts 2024 profit largely above estimates
Fri, Feb 16, 2024 12:53 PM

CBRE forecasts 2024 profit largely above estimates

A Flip by Shubhangi Gupta
Get it on Google Play
Real estate company CBRE Group Inc expects strong annual profits, driven by demand for leasing and loan servicing services despite a sluggish commercial property market due to higher interest rates. With a full-year earnings per share forecast above analysts' expectations, the company's stock rose 6.5% in premarket trade. While property sales have declined, leasing revenues in Europe saw growth.

More great flips

Why Avenue Therapeutics (ATXI) Stock Is Falling Sharply

Why Avenue Therapeutics (ATXI) Stock Is Falling Sharply

Avenue Therapeutics ATXI shares are trading lower by 20.7% to $4.92 during Monday’s session after the company announced the exercise of warrants for $4.4 million in gross proceeds. These warrants were issued at different times with various exercise prices, but the warrant holders have agreed to exercise them at a reduced price of $6.20 per share.

Open Flip
Why EV-Maker Mullen Automotive's Stock Is Charging Monday

Why EV-Maker Mullen Automotive's Stock Is Charging Monday

Mullen Automotive, Inc. MULN shares are trading higher Monday after the company announced the California Air Resources Board has approved the 2024 Mullen THREE for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). The Details: Under HVIP, the 2024 Mullen THREE EV truck, with a suggested MSRP of $68,500, qualifies for a cash voucher of up to $45,000.

Open Flip
What's Going On With ZyVersa Stock?

What's Going On With ZyVersa Stock?

ZyVersa Therapeutics, Inc. ZVSA shares are trading higher Monday after the company announced the publication of a scientific paper in a peer-reviewed journal that reinforces the rationale for inhibiting ASC with IC 100 to potentially attenuate cardiac comorbidities in patients with Alzheimer’s Disease.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon