Moelis: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Moelis & Co. (MC) on Thursday reported a loss of $10.7 million in its third quarter.
NEW YORK (AP) — NEW YORK (AP) — Moelis & Co. (MC) on Thursday reported a loss of $10.7 million in its third quarter.
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The company, based in New York, said it had a loss of 16 cents per share. Losses, adjusted for one-time items, were 15 cents per share.
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The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The investment bank posted revenue of $272.2 million in the period. Its revenue net of interest expense was $272.2 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $243.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MC at https://www.zacks.com/ap/MC