Movement Alert｜Evercore Partners Intraday Rise 9.09% in Regular Trading, Q3 Results Beat Expectations by a Wide Margin

Market Focus10-28

On October 28, Evercore Partners rose 9.09% in Regular Trading, trading at $285.87 per share, with turnover of $12.48 million.

The move followed a stronger-than-expected fiscal third-quarter report, with adjusted EPS of $4.28 and revenue of $1.178 billion, both well above market expectations.

Quarterly adjusted EPS increased from $3.48 a year earlier and exceeded consensus estimates that ranged from $2.52 to $2.80. Revenue rose from $1.05 billion a year earlier and also topped expectations that ranged from about $878.3 million to $950.4 million. Ahead of the release, market expectations had been relatively cautious, with some forecasts calling for only modest revenue growth and a year-over-year decline in adjusted earnings, making the reported beat the clearest catalyst for the share move.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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