Rev & EPS Beat = 8% drop, why?
Evercore beat earnings (barely, by 2%) and revenue (also barely, 0.65%), raised their dividend 9%, and from the earnings call nothing was exceptional bad or negative, yet the stock dropped like a rock and closed down more than 8%.
Any thoughts on why such a harsh response on seemingly good news? I am clearly missing something major since drop 4-5% more than other midcap advisors (LAZ/MC/HLI).
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