Moelis & Company (MC) Tops Q1 EPS by 6c
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Moelis & Company Reports First Quarter 2019 Financial Results; Quarterly Dividend of $0.50 Per Share
April 30, 2019 4:19 PM EDTFirst quarter revenues of $137.8 million, down 37% from a record first quarter of 2018 GAAP net income of $0.25 per share (diluted) for the first quarter of 2019; Adjusted net income of $0.27 per share (diluted) for the first quarter, including a $0.13 per share tax benefit Continued to execute on organic growth strategy Hired Managing Director focused on data analytics, automation, machine learning and artificial intelligence Ended the period with 130 Managing Directors Strong balance sheet with cash and short term investments of $78.4... More
