Evercore Reports First Quarter 2020 Results; Quarterly Dividend of $0.58 Per Share
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Evercore Partners (EVR) Misses Q1 EPS by 5c, Revenues Beat
April 22, 2020 6:05 AM EDTEvercore Partners (NYSE: EVR) reported Q1 EPS of $1.21, $0.05 worse than the analyst estimate of $1.26. Revenue for the quarter came in at $434.98 million versus the consensus estimate of $410.86 million.
LEADERSHIP COMMENTARY
"We reported the second strongest first quarter revenues in our history, indicative of the revenue generating power of our franchise in more normal times. But we most certainly are not in normal times, and we anticipate that revenues and operating margins in upcoming quarters will be significantly and negatively affected by the depressed economic and market environment caused by COVID-19. Our global team... More
