NEW YORK (AP) — NEW YORK (AP) — Moelis & Co. (MC) on Thursday reported third-quarter net income of $58.7 million.
The company, based in New York, said it had earnings of 74 cents per share. Earnings, adjusted for non-recurring costs, came to 75 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The investment bank posted revenue of $425.6 million in the period. Its revenue net of interest expense was $425.6 million, which missed Street forecasts. Five analysts surveyed by Zacks expected $425.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MC at https://www.zacks.com/ap/MC
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