Moelis & Company Reports Third Quarter 2020 Financial Results; Increases Quarterly Dividend 50% to $0.3825 Per Share

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Go back to Moelis & Company Reports Third Quarter 2020 Financial Results; Increases Quarterly Dividend 50% to $0.3825 Per Share

Moelis & Company (MC) Tops Q3 EPS by 51c, Revenues Beat

October 26, 2020 4:26 PM EDT

Moelis & Company (NYSE: MC) reported Q3 EPS of $0.54, $0.51 better than the analyst estimate of $0.03. Revenue for the quarter came in at $207.6 million versus the consensus estimate of $145.08 million.

Third quarter revenues of $207.6 million, down 10% from a record third quarter of 2019; first nine month revenues of $521.2 million, essentially flat versus the prior year periodGAAP net income of $0.54 per share (diluted) for the third quarter and $0.88 per... More