Moelis & Co (MC) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.29. The company posted revenue of $131.73 million in the period, compared to analysts expectations of $121.54 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Moelis & Co closed down -0.44 points or -1.77% at $24.42 with 1,14,811 shares getting traded on Tusday. Post opening the session at $24.76, the shares hit an intraday low of $24.14 and an intraday high of $24.86 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
Moelis & Company is an investment bank that provides strategic and financial advice to a client base including corporations Governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering financial advisory services across all industry sectors. It advices its clients on decisions including mergers and acquisitions (M&A) recapitalizations and restructurings and other corporate finance matters. With 17 offices located in North and South America Europe the Middle East Asia and Australia the Company provides information flow and cross-border capabilities. The Company offers advisory services in all industries including consumer retail and restaurants; financial institutions; financial sponsors; general industrials; healthcare; natural resources; real estate gaming lodging and leisure and technology media and telecommunications. It advises clients on all aspects of public and private debt and equity transactions.