NEW YORK (AP) — NEW YORK (AP) — Moelis & Co. (MC) on Wednesday reported first-quarter profit of $16.6 million.
The New York-based company said it had earnings of 22 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The investment bank posted revenue of $217.5 million in the period. Its revenue net of interest expense was $217.5 million, falling short of Street forecasts. Four analysts surveyed by Zacks expected $222.7 million.
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