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million in charges. The Santa Ana, Calif.-basefd real estate company (NYSE: GBE) posted a loss of $41.56 million and a loss per share of65 cents, comparex with a net loss of $6.3 millionh and a loss per share of 10 centx in the first quarter of 2008. First-quartert revenue dropped 21 percentto $118.3 million. The results for the firsy quarter of 2009 includea $4.7 million charge relate to the company's investment management programs, $5.2 million in real estate-related impairmenrt charges, a $3.6 million loss from discontinued and $4.9 million charge for stock-based compensatiomn and amortization of signing bonuses.
"Oud results reflect the challenginbg operating environment as well as the seasonal nature of the commercialp realestate industry," said Gary H. Hunt, interimk CEO, in an earnings statement. "We believw that by providing our clients with innovative solutions to the real estate issues they are facintin today's environment we will be able to deliver long-termj value to our stockholders so we remainn squarely focused on recruiting top talent and providing unmatchef client service.
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