2023-07-26 06:48:45 ET
- Evercore press release ( NYSE: EVR ): Q2 Non-GAAP EPS of $0.96 misses by $0.30 .
- Revenue of $505.1M (-20.8% Y/Y) misses by $8.77M .
- Second quarter Advisory Fees decreased $201.7 million, or 35%, year-over-year.
- Second quarter Underwriting Fees increased $24.7 million, or 183%
- Second quarter Asset Management and Administration Fees increased $0.6 million, or 4%, year-over-year, driven by an increase in fees from Wealth Management clients, as associated AUM increased 10%, primarily from market appreciation.
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Evercore Non-GAAP EPS of $0.96 misses by $0.30, revenue of $505.1M misses by $8.77M