Greenhill & Co. Reports Second Quarter 2020 Results

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Greenhill & Co. (GHL) Misses Q2 EPS by 48c, Revenues Miss

July 23, 2020 4:26 PM EDT

Greenhill & Co. (NYSE: GHL) reported Q2 EPS of ($0.79), $0.48 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $47.8 million versus the consensus estimate of $53.85 million.

Quarterly revenues of $47.8 million, down 15% from prior year's second quarter due to impact of the global pandemic on M&A activityTotal year to date revenues of $114.9 million, 7% higher than the same period in 2019 but also impacted by reduced M&A activity offset by increased restructuring activityCompensation... More