* Q2 EPS $0.57 vs est. $0.61
* Expenses up 44 pct in Q2
July 21 Greenhill & Co Inc (GHL.N) reported
quarterly profit below analysts' view for the second straight
quarter, as higher revenue at the boutique investment bank was
largely offset by a rise in expenses.
Second-quarter net income available to common shareholders
was $17.6 million, or 57 cents a share, compared with $10.3
million, or 35 cents a share, in the year ago period.
Analysts expected earnings of 61 cents a share, according
to Thomson Reuters I/B/E/S.
"While the general level of transaction activity has
remained difficult and the time to completion of transactions
has generally become longer, we have seen signs of recent
improvement at least at our firm," Chief Executive Scott Bok
said in a statement.
Total revenue for the quarter rose 54 percent to $83.5
percent on the back of a 36 percent increase in revenue coming
from financial advisory -- its largest contributor to total
revenue. Analysts were looking at total revenue of $76.3
Total expenses stood at $53.2 million, up from $36.9
million in the same period last year.
Shares of the New York-based company closed at $63.88
Wednesday on the New York Stock Exchange.
(Reporting by Sweta Singh in Bangalore; Editing by Vyas