NEW YORK (AP) — NEW YORK (AP) — Moelis & Co. (MC) on Wednesday reported first-quarter earnings of $3.7 million.
The New York-based company said it had earnings of 5 cents per share. Earnings, adjusted for pretax gains, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The investment bank posted revenue of $187.8 million in the period. Its revenue net of interest expense was $187.8 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $180.7 million.
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