UPDATE: PJT Partners (PJT) Tops Q3 EPS by 7c, Revenue Beat
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PJT Partners Inc. Reports Third Quarter 2018 Results
October 30, 2018 6:50 AM EDTOverview
> Total Revenues of $140.1Â million for third quarter 2018, up 79% from a year ago
Advisory Revenues of $117.2Â million, up 94% from a year ago
> Total Revenues of $404.9 million for nine months ended September 30, 2018, up 31% year-over-year
Advisory Revenues of $318.9Â million, up 37% from a year ago
> Strong balance sheet at quarter-end with $192.2Â million of cash, cash equivalents and short-term investments; no funded debt
> Repurchased approximately 450,000Â share equivalents and 2.0Â million share equivalents during the quarter and nine months, respectively, through net share settlements, Partnership Unit exchanges and share repurchases
Additionally, intend to repurchase approximately 490,000 Partnership... More
