Cushman & Wakefield (CWK) Surges 8.7% as Q2 Earnings Impress

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Cushman & Wakefield plc (NYSE:CWK) is one of the best-performing stocks on Tuesday.

Cushman & Wakefield grew its share prices by 8.69 percent on Tuesday to end at $13.39 apiece following an impressive earnings performance in the second quarter of the year.

In an updated report, Cushman & Wakefield plc (NYSE:CWK) net income increased by 324 percent to $57.3 million from $13.5 million in the same period last year, as revenues grew by 8 percent to $2.48 billion from $2.29 billion.

For the first six months, the company swung to a net income of $59.2 million from a $15.3 million net loss in the same period last year, while revenues rose 7 percent to $4.77 billion from $4.47 billion year-on-year.

“Our second quarter results highlight the strong and resilient growth engine we have successfully built over the past two years,” said Cushman & Wakefield plc (NYSE:CWK) CEO Michelle Mackay.

“We are now starting to see the multiplier effect of our transformational work take hold: we have the right talent, right structure, and right vision coming together at the right time to drive sustainable long-term growth. This is an exciting time for Cushman & Wakefield, and we look to the future with confidence and a clear commitment to always bring the best to our people, clients and shareholders,” she noted.

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