Moelis & Co. Q4 Earnings Beat Estimates, Revenue Surpasses Forecasts
Moelis & Co. (MC) reported strong fourth-quarter earnings on Wednesday, exceeding Wall Street expectations.
* Earnings: $89.4 million ($1.15 per share)
* Adjusted Earnings: $1.18 per share
* Revenue: $438.7 million
* Revenue Net of Interest Expense: $438.7 million
Analysts surveyed by Zacks Investment Research had projected earnings of 46 cents per share and revenue of $338.7 million.
For the full year, Moelis & Co. recorded:
* Profit: $136 million
* Earnings Per Share: $1.78
* Revenue: $1.19 billion
The company's robust financial performance reflects continued growth in its advisory and capital markets businesses.