Recap: Moelis & Co Q3 Earnings

Shares of Moelis & Co MC were up 0.11% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 28.95% over the past year to $0.54, which beat the estimate of $0.03.

Revenue of $207,604,000 decreased by 10.40% year over year, which beat the estimate of $145,080,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Moelis & Co hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 26, 2020

Time: 05:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/mc/mediaframe/40549/indexr.html

Recent Stock Performance

Company's 52-week high was at $41.27

52-week low: $22.11

Price action over last quarter: Up 28.08%

Company Profile

Moelis & Company is a global independent investment bank that provides innovative, unconflicted strategic advice to a diverse client base. It serves client such as corporations, governments and financial sponsors. The firms objective is to offer a range of advisory services with expertise across all major industries in mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. Business is primarily operated through geographical region of United States, Europe and Internationally in which most of the clients are located of which United States accounts for major share of revenue.