Jones Lang LaSalle Inc. JLL reported second-quarter 2017 adjusted earnings of $1.82 per share, beating the Zacks Consensus Estimate of $1.45. However, the bottom line came in lower than the year-ago adjusted earnings of $1.93 per share.Based on strong leasing activities during the quarter, revenues came in at $1.83 billion, surpassing the Zacks Consensus Estimate of $1.79 billion. The figure was up 14.4% year over year. Fee revenues increased 14.1% year over year to $1.53 billion.Jones Lang LaSalle Incorporated Price, Consensus and EPS Surprise Jones Lang LaSalle Incorporated Price, Consensus and EPS Surprise | Jones Lang LaSalle Incorporated QuoteBehind the Headline NumbersDuring the quarter, fee revenues from the U.S. were $741.2 million, indicating 18.3% year-over-year increase. Fee revenues in the EMEA (Europe, the Middle East and Africa) region grew 31.8% year over year to $439.1 million, while that in the Asia-Pacific region climbed 9.3% year over year to $279.6 million.Revenues from the LaSalle Investment Management segment plummeted 42.7% year over year to $72.8 million. At the end of the quarter, assets under management were $57.6 billion, marginally down from $58 billion witnessed at the end of the prior quarter.LiquidityJones Lang exited the reported quarter with cash and cash equivalents of $250.3 million, down from $258.5 million as of Dec 31, 2016. At the end of the second quarter, the company’s net debt was $1.3 billion, down 1 million from the prior-quarter end. This reflects a significant improvement in the company’s working capital management.Our ViewpointJones Lang continues to invest strategically in a bid to capitalize on market consolidations. Expanding its business scale in the targeted markets has helped the company achieve impressive growth and a decent cash level. We believe such strategic acquisitions will likely help it gain strength to capitalize on the improving market environment.Armed with a solid balance sheet and healthy debt position, the company remains well poised to retain its growth momentum. In addition, the company’s diversified product and services range, along with extensive knowledge of domestic and international real estate markets will stoke growth.Nevertheless, stiff competition and unfavorable foreign currency movements are expected to thwart its top-line growth. Additionally, hike in interest rates may lower the growth tempo of the commercial real estate sector and adversely affect Jones Lang’s business activities.Currently, JLL carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The stock has climbed 27.1% year to date, outperforming 10.8% growth recorded by the industry it belongs to.Q2 Earnings Schedule of Other Real Estate CompaniesWe now look forward to the earnings releases of other companies in the real estate sector like City Developments Ltd. CDEVY, LGI Homes, Inc. LGIH and Forestar Group Inc. FOR. While City Developments is scheduled to announce results on Aug 10, LGI Homes and Forestar Group are slated to report Q2 numbers on Aug 8 and Aug 4, respectively.More Stock News: Tech Opportunity Worth $386 Billion in 2017From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Forestar Group Inc (FOR): Free Stock Analysis Report LGI Homes, Inc. (LGIH): Free Stock Analysis Report Jones Lang LaSalle Incorporated (JLL): Free Stock Analysis Report City Developments Ltd. (CDEVY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research