Piper Jaffray Companies (PJC) Tops Q2 EPS by 35c

Piper Jaffray Companies (NYSE: PJC) reported Q2 EPS of $0.88, $0.35 better than the analyst estimate of $0.53. Revenue for the quarter came in at $170.5 million versus the consensus estimate of $143.86 million.

“Execution on our growth strategies highlighted by strong performance in areas of targeted investment, particularly Public Finance and Fixed Income, delivered improved results on a more balanced business mix for the quarter,” said Andrew S. Duff, Chairman and CEO of Piper Jaffray. “A detailed review of our cost base, which has expanded due to growth investments, is underway in order to drive higher returns for our shareholders.”

For earnings history and earnings-related data on Piper Jaffray Companies (PJC) click here.

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