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Altus Group Reports a Q2 Adjusted Earnings Beat of C$0.53 Per Share

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Altus Group (AIF.TO) Thursday after trade said second-quarter adjusted earnings rose to C$0.53 per share, from C$0.39 per share, in the prior-year period.

Analysts polled by FactSet had forecast C$0.51 per share.

The provider of commercial real estate intelligence said revenue increased to C$112.7 million, from C$106.5 million, in the prior year period, beating the C$111 million expected.

Altus Group is expecting third-quarter revenue of between C$114 million to C$116 million.

It will pay a quarterly dividend of C$0.15 on Oct. 15, to shareholders of record on Sept. 30.

The company's shares closed down C$1.22, or 2.6%, to C$45.57 on the Toronto Stock Exchange.

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