PJT Partners Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - PJT Partners Inc. (PJT) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.

The company's earnings came in at $39.84 million, or $1.47 per share. This compares with $22.15 million, or $0.79 per share, last year.

Excluding items, PJT Partners Inc. reported adjusted earnings of $80.80 million or $1.85 per share for the period.

Analysts on average had expected the company to earn $1.4 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 37.0% to $447.09 million from $326.32 million last year.

PJT Partners Inc. earnings at a glance (GAAP) :

-Earnings: $39.84 Mln. vs. $22.15 Mln. last year. -EPS: $1.47 vs. $0.79 last year. -Revenue: $447.09 Mln vs. $326.32 Mln last year.