Jones Lang LaSalle Q2 EPS $0.50 Misses $2.02 Estimate, Sales $1.85B Beat $1.79B Estimate
Portfolio Pulse from Happy Mohamed
Jones Lang LaSalle (NYSE:JLL) reported Q2 earnings of $0.50 per share, missing the analyst consensus estimate of $2.02 by 75.25%. This is a 88.84% decrease from the same period last year. However, the company beat sales estimates, reporting $1.85 billion against the expected $1.79 billion.
August 04, 2023 | 1:01 pm
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NEGATIVE IMPACT
Jones Lang LaSalle's Q2 earnings significantly missed analyst estimates, which could negatively impact investor sentiment.
Jones Lang LaSalle's earnings miss is a significant negative factor that could lead to a decrease in the company's stock price in the short term. However, the sales beat could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100