Moelis & Company (MC) Incurs Loss in Q4, Revenues Rise Y/Y

Moelis & Company (MC) incurred a fourth-quarter 2023 adjusted loss per share of 6 cents, which was narrower than the Zacks Consensus Estimate for a loss of 11 cents. The bottom line compared unfavorably with earnings of 33 cents in the prior-year quarter.Results were adversely impacted by a surge in expenses. However, an improvement in revenues and a solid liquidity position were the positives.Net loss (GAAP basis) was $6.5 million or 8 cents per share against a net income of $22.7 million or 28 cents per s ...