Benzinga | Jul 22, 2020 07:17AM EDT

Recap: Evercore Q2 Earnings

Shares of Evercore (NYSE:EVR) decreased 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 26.09% over the past year to $1.53, which beat the estimate of $1.32.

Revenue of $513,922,000 decreased by 4.08% from the same period last year, which beat the estimate of $450,370,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 22, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/nsw4jf9z

Recent Stock Performance

52-week high: $91.59

52-week low: $33.25

Price action over last quarter: Up 19.66%

Company Description

Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities and investment management businesses that account for 15% to 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore has around 1,900 employees, and approximately 75% of the company's revenue is derived from the United States.