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Big bounce for Greenhill as results top diminished estimates

Apr. 21, 2016 11:06 AM ETGreenhill & Co., Inc. (GHL) StockGHLBy: Stephen Alpher, SA News Editor
  • Q1 net income of $4.4M or $0.14 per share vs. $7.6M and $0.25 one year ago. Revenue of $66.9M rose from $61.9M.
  • Chairman Robert Greenhill takes note of tough conditions during Q1, but expects things to swing the other way for the rest of the year.
  • Operating expenses of $60.4M rose 22% from $49.7M a year ago. Employee compensation of $44.5M vs. $33.4M, bringing the compensation to revenue ratio up to 67% from 54%.
  • Now read: Greenhill & Co.'s (NYSE:GHL) CEO Scott Bok on Q1 2016 Results - Earnings Call Transcript (April 20)
  • GHL +10.5% today, but 48% lower Y/Y.

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