Revenue Update on Moelis & Co(NYSE:MC)

Moelis & Co(NYSE:MC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $131.72M. Analysts estimated a revenue of $129.64M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.31.

Moelis & Co (MC) made into the market gainers list on Fridays trading session with the shares advancing 0.31% or 0.08 points. Due to strong positive momentum, the stock ended at $26.29, which is also near the day’s high of $26.839. The stock began the session at $26.15 and the volume stood at 89,101 shares. The 52-week high of the shares is $31.84 and the 52 week low is $21.91. The company has a current market capitalization of $1,360 M and it has 5,17,20,913 shares in outstanding.

Moelis & Company is an investment bank that provides strategic and financial advice to a client base including corporations Governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering financial advisory services across all industry sectors. It advices its clients on decisions including mergers and acquisitions (M&A) recapitalizations and restructurings and other corporate finance matters. With 17 offices located in North and South America Europe the Middle East Asia and Australia the Company provides information flow and cross-border capabilities. The Company offers advisory services in all industries including consumer retail and restaurants; financial institutions; financial sponsors; general industrials; healthcare; natural resources; real estate gaming lodging and leisure and technology media and telecommunications. It advises clients on all aspects of public and private debt and equity transactions.

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