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Jun 30, 2023
Moelis Q2 2023 Earnings Report
Moelis & Company's financial performance declined in the second quarter of 2023.
Key Takeaways
Moelis & Company reported a decrease in revenues and a net loss for the second quarter of 2023, driven by fewer transaction completions. The firm's GAAP revenues were $179.9 million, and the GAAP net loss was $0.17 per share.
Second quarter GAAP revenues were $179.9 million, down 26% year-over-year.
Adjusted revenues for the second quarter were $182.2 million, a 23% decrease compared to the prior year period.
The company reported a GAAP net loss of $0.17 per share for the second quarter of 2023.
Moelis & Company maintained a strong balance sheet with $194.8 million in cash and short-term investments and no debt.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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