* Q4 EPS $0.44 vs. $1.02 last year
* Q4 EPS beats market view of $0.25
* Oper expenses down 38 percent
* Revenue down 46 percent
Jan 28 (Reuters) - Greenhill & Co, a merger advisory company, posted quarterly profit that beat Wall Street estimates, helped by lower employee compensation expenses.
The company, which is seen as having limited exposure to the credit crisis, said quarterly operating expenses fell 38 percent primarily due to a 45 percent reduction in employee compensation expenses.
However, quarterly profit declined 56 percent to $12.5 million from the same quarter last year, reflecting a 46 percent fall in revenue.
Advisory revenue fell 29 percent to $61.9 million, due to a drop in the number of completed assignments.
Shares of the company fell about 1 percent after the bell. They closed at $62.76 Wednesday on the New York Stock Exchange.
(Reporting by Adheesha Sarkar in Bangalore; Editing by Anil D'Silva) Keywords: GREENHILL/ (adheesha.sarkar@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: adheesha.sarkar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q4 EPS beats market view of $0.25
* Oper expenses down 38 percent
* Revenue down 46 percent
Jan 28 (Reuters) - Greenhill & Co, a merger advisory company, posted quarterly profit that beat Wall Street estimates, helped by lower employee compensation expenses.
The company, which is seen as having limited exposure to the credit crisis, said quarterly operating expenses fell 38 percent primarily due to a 45 percent reduction in employee compensation expenses.
However, quarterly profit declined 56 percent to $12.5 million from the same quarter last year, reflecting a 46 percent fall in revenue.
Advisory revenue fell 29 percent to $61.9 million, due to a drop in the number of completed assignments.
Shares of the company fell about 1 percent after the bell. They closed at $62.76 Wednesday on the New York Stock Exchange.
(Reporting by Adheesha Sarkar in Bangalore; Editing by Anil D'Silva) Keywords: GREENHILL/ (adheesha.sarkar@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: adheesha.sarkar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.