Moelis (MC) Reports Q4 Loss, Tops Revenue Estimates

Moelis (MC) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this investment bank would post earnings of $0.05 per share when it actually produced a loss of $0.15, delivering a surprise of -400%.Over the last four quarters, the company has surpas ...