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

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

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

October 26, 2020 4:24 PM EDT

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 period GAAP net income of $0.54 per share (diluted) for the third quarter and $0.88 per share (diluted) for the first nine months of 2020; Adjusted net income of $0.54 per share (diluted) and $0.88 per share (diluted) for the third quarter and first nine months of 2020, respectively Continued to execute on organic growth strategy: Added one Managing Director in MENA to strengthen the Firms M&A technology and financing... More