PJT Partners Inc. (PJT) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $54.01 million, or $1.99 per share. This compares with $32.62 million, or $1.22 per share, last year.
Excluding items, PJT Partners Inc. reported adjusted earnings of $46.86 million or $1.05 per share for the period.
Analysts on average had expected the company to earn $1.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.5% to $324.53 million from $329.39 million last year.
PJT Partners Inc. earnings at a glance (GAAP) :
-Earnings: $54.01 Mln. vs. $32.62 Mln. last year.
-EPS: $1.99 vs. $1.22 last year.
-Revenue: $324.53 Mln vs. $329.39 Mln last year.
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