Greenhill & Co. Q2 Profit Declines; Declares Dividend

Greenhill & Co Q1 13 Earnings Conference Call At 4:30 PM ET

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7/18/2012 5:14 PM ET

Greenhill & Co. Inc. (GHL: Quote) reported second-quarter net income allocated to stockholders of $2.2 million or $0.07 per share, compared to $21.5 million or $0.69 per share in the comparable quarter last year.

Total revenues declined to $47.32 million from $90.77 million in the prior year quarter.

On average, analysts polled by Thomson Reuters expected the company to report profit of $0.25 per share on revenue of $56.56 million for the quarter. Analysts' estimates typically exclude special items.

Further, the company's Board declared a dividend of $0.45 per share to be paid on September 19, 2012 to common stockholders of record on September 5, 2012.

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