Evercore Reports Third Quarter 2020 Results; Increases Quarterly Dividend to $0.61 Per Share
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Evercore (EVR) Tops Q3 EPS by 73c, Revenues Beat
October 21, 2020 6:03 AM EDTEvercore (NYSE: EVR) reported Q3 EPS of $1.11, $0.73 better than the analyst estimate of $0.38. Revenue for the quarter came in at $408.5 million versus the consensus estimate of $320.49 million.
LEADERSHIP COMMENTARY
Ralph Schlosstein, Co-Chairman and Co-Chief Executive Officer, "Our broad capabilities to serve our clients drove solid results for both the third quarter and first nine months of this year, as these capabilities largely offset the expected decline in revenues from M&A activity. During the quarter, we added significantly to our year-to-date record underwriting revenues and we continued to see momentum across our capital advisory and... More
