PJT Partners (PJT) Misses Q2 EPS by 7c, Miss on Revenues

PJT Partners (NYSE: PJT) reported Q2 EPS of $0.27, $0.07 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $109.3 million versus the consensus estimate of $110 million.

Highlights

• Total Revenues of $109.3 million for second quarter 2017, up 22% year-over-year
  • Advisory Revenues of $73.3 million for second quarter 2017, up 24% year-over-year
  • Placement Revenues of $33.5 million for second quarter 2017, up 17% year-over-year
• Total Revenues of $230.3 million for the six months ended June 30, 2017, up 13% year-over-year
• Strong balance sheet at quarter-end with $95.8 million of cash, cash equivalents and short-term investments; no funded debt
• Intend to repurchase approximately 180,000 Partnership Units for cash in August 2017, bringing year-to-date repurchases to approximately 1.1 million Partnership Units

For earnings history and earnings-related data on PJT Partners (PJT) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Carnival Corp. (CCL) Tops Q2 EPS by 8c, Beats on Revenue; Offers Guidance
• Worthington Industries (WOR) Misses Q4 EPS by 9c