Jll reports financial results for first-quarter 2023

Resilient performance by annuity-based businesses outpaced by continued market-wide pullback in transactional revenues chicago , may 4, 2023 /prnewswire/ -- jones lang lasalle incorporated (nyse: jll) today reported operating performance for first-quarter 2023 with diluted loss per share of $0.19 and adjusted diluted earnings per share1 of $0.65. first-quarter revenue was $4.7 billion, up 1% in local currency, and fee revenue1 was $1.6 billion, down 15% in local currency market-wide transaction slowdown continued to impact capital markets activity, which was down against a robust prior year muted leasing activity across asset classes and most geographies drove the markets advisory decline strong demand continued for project management, driving double-digit growth in work dynamics margin contraction was primarily driven by the decline in transaction-based revenue run-rate fixed expense growth over the past few quarters was partially offset by ongoing cost reduction actions "our first quarter financial results were in line with the expectations we had at the beginning of the year.
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