ET 07:32

Evercore (EVR) Beats Q4 Earnings Expectations, Reports $5.13 Per Share

IMP7.0
SNT+1.0
CONF100%
Earnings

[Para 1: The Lead] Evercore Inc. (EVR) exceeded Wall Street earnings forecasts in the fourth quarter, reporting a net income of $204 million, or $5.13 per share on an adjusted basis. This surpasses the average analyst estimate of $3.83 per share, highlighting strong financial performance. [Para 2-3: Supporting details & Context] The company posted revenue of $1.29 billion, with revenue net of interest expense at $1.3 billion, both exceeding market expectations. For the fiscal year, Evercore reported a profit of $591.9 million, or $14.05 per share, on revenue of $3.88 billion. The robust results reflect the company's solid performance in investment banking and advisory services.

EditorThomas Ho