Greenhill & Co. (GHL) Misses Q2 EPS by 48c, Revenues Miss
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Greenhill & Co. Reports Second Quarter 2020 Results
July 23, 2020 4:05 PM EDTNEW YORK, July 23, 2020 /PRNewswire/ --
Quarterly revenues of $47.8 million, down 15% from prior year's second quarter due to impact of the global pandemic on M&A activity Total 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 activity Compensation expense for quarter and year to date up over prior year due to recent growth in professional headcount, resulting in elevated compensation ratio given the revenue level Non-compensation costs for quarter similar to... More