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PJT Partners: 4Q Earnings Snapshot

NEW YORK (AP) _ PJT Partners Inc. (PJT) on Thursday reported fourth-quarter net income of $7.4 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had profit of 22 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.

The investment bank posted revenue of $175.4 million in the period.

For the year, the company reported net income of $27.2 million, or $1.16 per share, swinging to a profit in the period. Revenue was reported as $580.2 million.

PJT Partners shares have climbed 13 percent since the beginning of the year. The stock has fallen slightly more than 2 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PJT at https://www.zacks.com/ap/PJT