Earnings from commercial real estate services company Jones Lang LaSalle Incorporated usually create volatility, not least because management doesn't give revenue and earnings guidance. In other words, unlike with a box of sugar-laden chocolate, you don't know what you are going to get.
In addition, it operates in a highly cyclical industry, which leads investors to be nervous as to when the commercial property market will have peaked. The stock is down heavily post-results, but let's take a close look at the actual results and what management said.
In addition, it operates in a highly cyclical industry, which leads investors to be nervous as to when the commercial property market will have peaked. The stock is down heavily post-results, but let's take a close look at the actual results and what management said.
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