Moelis: Q4 Financial Results Overview

Moelis & Co. Surpasses Q4 Earnings Expectations

Moelis & Co., headquartered in New York, announced a net income of $87.9 million for the fourth quarter.

The firm reported earnings of $1.10 per share, or $1.13 per share after adjusting for one-time expenses.

These figures outperformed analyst predictions, as six experts polled by Zacks Investment Research had anticipated earnings of $0.76 per share.

During the quarter, the investment bank generated $487.9 million in revenue, which also exceeded Wall Street forecasts. Zacks had projected revenue at $428.6 million, based on estimates from four analysts.

For the full year, Moelis & Co. recorded a profit of $233 million, translating to $2.94 per share, with total revenue reaching $1.52 billion.