Evercore Partners (EVR) Tops Q1 EPS by 59c

Evercore Partners (NYSE: EVR) reported Q1 EPS of $2.10, $0.59 better than the analyst estimate of $1.51. Revenue for the quarter came in at $463.6 million versus the consensus estimate of $381.5 million.

"Our team delivered exceptional results in the first quarter of 2018, as Investment Banking delivered the best first quarter revenues in our history, and the second best quarterly revenues overall. Advisory revenues grew by 22% year over year, as we supported clients on a broad array of matters, including strategic M&A, activism, restructuring and capital raising. ECM was particularly strong as we delivered the highest ECM revenues for a quarter in our history," said Ralph Schlosstein, President and Chief Executive Officer. "We continue to see clients embrace our independent advisory model and the wide range of capabilities and services that we offer to them."

For earnings history and earnings-related data on Evercore Partners (EVR) click here.

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