Perella Weinberg Partners (PWP), an independent investment banking company, Friday reported a profit for the fourth quarter compared with loss last year. Profit as well as revenue beat the Street expectations. The company's shares were more than 9 percent up in pre-market.
The company posted net income of $20.77 million or $0.30 per share for the quarter compared with net loss of $10.41 million or $0.49 per share in the same quarter a year ago.
Excluding one-time items, earnings were $25.98 million or $0.26 per share, that beat the analysts' average estimate of $0.21 per share. Analysts' estimates typically exclude special items.
Operating income was $21.37 million versus operating loss of $43.97 million last year.
Revenue for the quarter increased 6 percent to $225.67 million from $212.68 million in the previous year. The consensus estimate was for $220.78 million.
The company's Board has declared a quarterly dividend of $0.07 per Class A share to be paid on March 10, to stockholders of record on February 18.
Perella Weinberg stock had closed at $26.16, up 0.50 percent on Thursday. It has traded in the range of $11.68 - $27.03 in the last 1 year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.