Moelis & Company (MC) Tops Q2 EPS by 19c
Moelis & Company (NYSE: MC) reported Q2 EPS of $0.66, $0.19 better than the analyst estimate of $0.47. Revenue for the quarter came in at $172.1 million versus the consensus estimate of $157.22 million.
“We achieved our third consecutive quarter of record revenues, with particular strength in M&A and large complex advisory assignments where we continue to gain share,” said Ken Moelis, Chairman and Chief Executive Officer.
“The organic growth of our global franchise, continued momentum and commitment to a collaborative model that emphasizes long-term client relationships makes us an attractive destination for talent. To that end, we recently announced two new Managing Director hires which brings us to four new Managing Directors for the year in addition to the eight we promoted in January. As we continue to expand our integrated network, we believe the enhanced connectivity and collaboration creates substantial value per hire.”
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