Moelis & Company's (MC) Q2 Earnings Top as Revenues Rise Y/Y

Moelis & Company's (MC) second-quarter 2024 adjusted earnings per share (EPS) of 18 cents handily surpassed the Zacks Consensus Estimate of 11 cents. The bottom line improved from a loss of 4 cents per share in the prior-year quarter. Results benefited from a rise in revenues and other income. Also, the company had a solid liquidity position in the quarter. However, an increase in expenses acted as an undermining factor. Net income (GAAP basis) was $14.9 million against a loss of $13.2 million in the prior- ...