Evercore Inc. (EVR) Reports 2Q20 Earnings Out Shine Wall Street Estimates; Declares Dividend

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Evercore Inc. (NYSE:EVR) recorded its second quarter earnings results on Wednesday 22nd July 2020 before market open.

The company reported $ 1.35 income per share for the second quarter

On adjusted basis, Evercore Inc. reported income for the quarter of $ 1.53 per share, beat the consensus estimate of $ 1.32 income per share by $ 0.21 or 15.91 percent.

The quarterly earnings fell 35.10 percent compared with the same quarter last year.

The firm had revenue of $ 513.92 million for the quarter, compared to the consensus estimate of $ 450.37 million. The revenues outshined analysts estimates by $ 63.55 million or 14.11 percent.

The financial report showed revenues lowered 4.08 percent versus second quarter of last year.

Analysts estimates are from Thompson Reuters, exclude one time gain or loss

On July 21, 2020, the Board of Directors of Evercore declared a quarterly dividend of $0.58 per share to be paid on September 11, 2020 to common stockholders of record on August 28, 2020