PJT Partners Inc. (PJT) released a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $51.30 million, or $1.83 per share. This compares with $24.91 million, or $0.87 per share, last year.
Excluding items, PJT Partners Inc. reported adjusted earnings of $94.00 million or $1.90 per share for the period.
Analysts on average had expected the company to earn $1.13 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 45.3% to $477.28 million from $328.55 million last year.
PJT Partners Inc. earnings at a glance (GAAP) :
-Earnings: $51.30 Mln. vs. $24.91 Mln. last year.
-EPS: $1.83 vs. $0.87 last year.
-Revenue: $477.28 Mln vs. $328.55 Mln last year.
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