NEW YORK (AP) — NEW YORK (AP) — Evercore Inc. (EVR) on Wednesday reported first-quarter earnings of $301.2 million.
The company, based in New York, said it had earnings of $7.20 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $7.53 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.57 per share.
The investment bank posted revenue of $1.4 billion in the period. Its revenue net of interest expense was $1.4 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.23 billion.
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