Moelis & Co Q2 Adjusted Earnings, Revenue Rise; Declares Dividend

MT Newswires Live07-30 04:51

Moelis & Co (MC) reported late Wednesday Q2 adjusted earnings of $0.63 per diluted share, down from $0.53 a year earlier.

Analysts polled by FactSet expected $0.62.

Revenue for the quarter ended June 30 rose to $409.4 million from $365.4 million a year earlier.

Analysts expected $387.3 million.

The company said it set its quarterly dividend at $0.65 per share, payable Sept. 17 to shareholders of record on Aug. 10.

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