JLL shares fall 6.70% after-hours as Q2 earnings and revenue miss estimates.

Jones Lang LaSalle (JLL) fell 6.7% in after-hours trading following a combination of bearish signals. The stock’s decline coincided with reports of its Q2 2023 earnings missing estimates, reporting non-GAAP EPS of $0.50 and revenue of $5.05 billion, both below expectations. Institutional selling also intensified, with entities like the Florida Retirement System and Bessemer Group Inc. offloading shares, while short interest in JLL rose by 7.9%, indicating growing bearish sentiment. Although Citigroup reaffirmed a "Neutral" rating, the lack of positive analyst action contrasted with the stock’s sharp drop. The move reflects investor disappointment over earnings underperformance and increased selling pressure from institutional holders and short sellers.