>>> Moelis beats by $0.18, beats on revs (40.65 +0.35)
- Reports Q2 (Jun) earnings of $0.66 per share, excluding non-recurring items, $0.18 better than the Capital IQ Consensus of $0.48; revenues rose 30.7% year/year to $172.1 mln vs the $156.85 mln Capital IQ Consensus
- This compares favorably with a 3% decrease in the number of global completed M&A transactions in the same period
- The increase in revenues was driven by significant growth in its M&A activity and an increase in its restructuring activity over the prior year period, including higher average fees earned per completed transactio