Moelis (MC) Tops Q4 Earnings and Revenue Estimates

Moelis (MC) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 156.52%. A quarter ago, it was expected that this investment bank would post earnings of $0.20 per share when it actually produced earnings of $0.22, delivering a surprise of 10%.Over the last four quarters, the company has surpa ...