Morningstar Stock Analyst Notes - May 14, 2009Duff & Phelps Corporation (DUF)
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MorningstarDuff & Phelps' reported first quarter revenues declined by 4% year over year to $89 million, largely because of a precipitous drop in mergers and acquisitions activity in recent months. However, the company's counter and noncyclical businesses grew by more than 50%, partially offsetting the 25% decline in revenue from the M&A related business. Corporate finance consulting, which includes portfolio valuation, witnessed a strong demand for its services (18% growth in revenue) as hedge funds and private equity firms hired
Duff & Phelps to provide independent valuation assessments of their portfolio companies.
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<span class="sent"><span class="company">Duff & Phelps</span>' reported first quarter revenues declined by 4% year over year to $89 million, largely because of a precipitous drop in mergers and acquisitions activity in recent months. </span> However, the company's counter and noncyclical businesses grew by more than 50%, partially offsetting the 25% decline in revenue from the M&A related business. Corporate finance consulting, which includes portfolio valuation, witnessed a strong demand for its services (18% growth in revenue) as hedge funds and private equity firms hired <span class="company">Duff & Phelps</span> to provide independent valuation assessments of their portfolio companies.
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