Moelis & Company's Q3 Earnings Top as Revenues Rise & Expenses Fall

Moelis & Company’s (MC) third-quarter 2024 adjusted earnings per share (EPS) of 22 cents surpassed the Zacks Consensus Estimate of 20 cents. The bottom line improved from a loss of 15 cents per share in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results benefited from a rise in revenues and other income alongside lower operating expenses. Also, the company had a solid liquidity position in the quarter.Net income (GAAP basis) was $19.2 million against a lo ...