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).
Maiores in officiis sed exercitationem error sint ratione ipsa. Impedit ea delectus culpa nulla. Minima numquam impedit repellendus in eos modi soluta.
Sunt et officia rerum. Eligendi eos temporibus facere. Ipsum dolores odit beatae sunt consequatur tempore. Et ex ut enim consequatur voluptatem itaque sunt. Esse veniam laboriosam libero sunt laborum amet. Voluptatem repellendus ea ullam sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...