Moelis (MC) Beats Q2 Earnings and Revenue Estimates

Moelis (MC) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 63.64%. A quarter ago, it was expected that this investment bank would post earnings of $0.11 per share when it actually produced earnings of $0.22, delivering a surprise of 100%. Over the last four quarters, the company has surp ...