Evercore: Fourth Quarter Earnings Overview

Evercore Inc. Reports Strong Fourth Quarter Results

Evercore Inc., headquartered in New York, announced a net profit of $204 million for the fourth quarter.

The company’s earnings reached $4.76 per share, and after adjusting for special items, the figure rose to $5.13 per share.

These earnings surpassed the expectations of Wall Street analysts, who had predicted an average of $3.83 per share, according to a survey by Zacks Investment Research.

During the quarter, the investment banking firm generated $1.29 billion in revenue. After accounting for interest expenses, net revenue totaled $1.3 billion, also outperforming analyst forecasts.

For the full year, Evercore reported a total profit of $591.9 million, or $14.05 per share, with annual revenue reaching $3.88 billion.

Financial data provided by Zacks Investment Research.