Evercore Reports Second Quarter 2020 Results; Quarterly Dividend of $0.58 Per Share
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Evercore Partners (EVR) Tops Q2 EPS by 21c, Revenues Beat
July 22, 2020 6:10 AM EDTEvercore Partners (NYSE: EVR) reported Q2 EPS of $1.53, $0.21 better than the analyst estimate of $1.32. Revenue for the quarter came in at $513.9 million versus the consensus estimate of $450.37 million.
Second quarter Net Revenues decreased 5% on a U.S. GAAP basis and 4% on an Adjusted basis versus the prior year period. For the first six months of 2020, Net Revenues decreased 1% on both a U.S. GAAP and an Adjusted basis versus the first six months of 2019Record quarterly Underwriting Revenue of $93.6 million in the second quarter increased 453% versus the prior year period. For the... More