Cushman & Wakefield (CWK) reported earnings on Tue 13 Nov 2018 (a/h)

** charts after earnings **

Cushman & Wakefield beats by $0.27, beats on revs

• Reports Q3 (Sep) earnings of $0.45 per share, $0.27 better than the S&P Capital IQ Consensus of $0.18. Reports revs of $2.1 bln vs. the $1.91 bln consensus.
• Adjusted EBITDA was $179.0 million, up 75% (77% local currency). Adjusted EBITDA margin of 11.9% was up 400 bps driven by Fee revenue mix and operating leverage.
• Outlook: The company now expects full year 2018 Adjusted EBITDA to be in the range of $630.0 million to $650.0 million.