Moelis (MC) Beats Q3 Earnings and Revenue Estimates

Moelis (MC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this investment bank would post earnings of $0.11 per share when it actually produced earnings of $0.18, delivering a surprise of 63.64%.Over the last four quarters, the company has surpas ...