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Jones Lang LaSalle net income increases 80%

Economy, Finance

Jones Lang LaSalle Inc. said Wednesday its third-quarter net income rose to $237.2 million, or $4.57 a share, from $131.9 million, or $2.52 a share, in the year-ago quarter. Adjusted earnings increased to $4.56 a share from $2.99 a share. Total revenue rose to $4.89 billion from $3.98 billion. Fee revenue increased to $2.07 billion from $1.42 billion. Analysts expected the company to earn $3.58 a share, according to a FactSet survey. Shares of JLL are up 73.9% this year, compared to an increase of 23.3% by the S&P 500.

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