Moelis & Company (MC) Tops Q2 EPS by 18c
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Moelis & Company (NYSE: MC) reported Q2 EPS of $0.42, $0.18 better than the analyst estimate of $0.24. Revenue for the quarter came in at $131.7 million versus the consensus estimate of $84.8 million.
“We are very pleased with our strong second quarter performance. In our first quarter as a public company, we achieved record second quarter revenues and generated strong earnings growth. These results reflect our intense focus on clients and relationships, the continued momentum of our collaborative ‘One Firm’ advisory model, steady improvement in the M&A environment and our strong financial discipline,” said Ken Moelis, Chairman and Chief Executive Officer.
“A wide range of sectors, geographies and advisory services contributed to our strong revenue growth this quarter, demonstrating the breadth and diversification of our model and our ability to integrate expertise to create value for our clients and our shareholders.”
“We have continued to invest in the growth of our business with the launch of our Private Funds Advisory Business and the addition of four Managing Directors to enhance our industry expertise and global client offering. We expect to capture further market share as these investments mature. As a public company, we will continue to focus on profitable growth by finding opportunities to better serve our clients and maintaining a strong discipline on expenses.”
For earnings history and earnings-related data on Moelis & Company (MC) click here.
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