CB Richard Ellis third-quarter net income slides 69%

10/29/2009 | Los Angeles Times (tiered subscription model)

CB Richard Ellis Group had third-quarter net income of $12.4 million, or 4 cents a share, down 69% from $40.4 million, or 15 cents a share, a year ago. It was the first quarterly profit for CB Richard Ellis this year. The company rebounded from first- and second-quarter losses through cost-cutting.

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