Greenhill & Co. (GHL) Misses Q2 EPS by 7c

Greenhill & Co. (NYSE: GHL) reported Q2 EPS of $0.20, $0.07 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $67.27 million versus the consensus estimate of $72.1 million.

"We have consistently noted that volatility of results is an inevitable feature of a transaction-oriented business, and therefore we focus on driving long term success. Our history as a public company shows significant gains in market share versus the largest players in the industry, high profit margins and strong cash flow that has resulted in $1.25 billion in dividends and share repurchases since our IPO. While many sectors, regions and businesses within our Firm had unusually soft results in the first half, our history clearly indicates far greater potential, which current client dialogues suggest will again become evident before the year is over. The fact that we have recruited 9 Managing Directors in the year to date, expanding our capabilities in multiple regions and sectors, provides a further source of optimism in regard to revenue, earnings and cash generated for shareholders next year and beyond," Scott L. Bok, Chief Executive Officer, commented.

For earnings history and earnings-related data on Greenhill & Co. (GHL) click here.

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