Evercore (EVR) Q2 Earnings Beat on Higher Revenues, Stock Dips

Evercore Inc.'s (EVR) second-quarter adjusted earnings per share of $1.81 surpassed the Zacks Consensus Estimate of $1.66. Also, the bottom line compared favorably with the prior-year quarter's reported figure of 96 cents. Shares of Evercore fell 3.2% following the release of its second-quarter results. Revenues & Expenses Rise On an adjusted basis, net revenues came in at $695.3 million, up 37.6% year over year. The adjusted compensation ratio was 66%, down from the prior-year quarter's 67%. Quarterly Segm ...