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CB Richard Ellis Group, Inc. Reports First Quarter 2009 Financial Results
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CB Richard Ellis Group, Inc. (NYSE:CBG) today reported revenue of US$890.4 million and a net loss on a U.S. GAAP basis of US$36.7 million, or US$0.14 loss per diluted share, for the first quarter of 2009. Excluding one-time charges1, the Company’s net loss2 for the quarter was US$7.5 million, or US$0.03 loss per diluted share. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)3 totaled US$38.4 million for the quarter, which was negatively impacted by the inclusion of US$15.7 million4 of one-time charges. |
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