Moelis & Company's Q4 Earnings Beat on Higher Revenues, Stock Up 2.9%

Moelis & Company (MC) shares gained 2.9% in after-hours trading following the release of its better-than-expected fourth-quarter and full-year 2024 results. Adjusted earnings for the quarter of $1.18 per share surpassed the Zacks Consensus Estimate of 46 cents by a huge margin. The bottom line improved from a loss of 6 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. Also, the compan ...