NEW YORK (AP) — NEW YORK (AP) — Evercore Inc. (EVR) on Wednesday reported fourth-quarter net income of $204 million.
The New York-based company said it had earnings of $4.76 per share. Earnings, adjusted for one-time gains and costs, were $5.13 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.83 per share.
The investment bank posted revenue of $1.29 billion in the period. Its revenue net of interest expense was $1.3 billion, which also beat Street forecasts.
For the year, the company reported profit of $591.9 million, or $14.05 per share. Revenue was reported as $3.88 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EVR at https://www.zacks.com/ap/EVR
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