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Higher operating expenses lead Moelis & Company (MC) to incur a loss in Q3. On the other hand, an increase in revenues offers some support.

Moelis & Company (NYSE:MC ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Matt Tsukroff - IR Joe Simon - CFO Ken Moelis - Chairman & CEO Conference Call Participants Devin Ryan - JMP Securities Ken Worthington - JP Morgan James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Brennan Hawking - UBS Connell Schmitz - Morgan Stanley Operator Ladies and gentlemen, thank you for standing-by. My name is Sheryl.

Ken Moelis, Moelis & Company CEO, discusses its expansion in the Middle East.

NEW YORK--(BUSINESS WIRE)-- #Moelis--Moelis & Company to announce third quarter 2023 financial results and host a conference call on November 2, 2023.

Moelis & Company should start seeing a pickup in larger ticket deals and, therefore, in their end markets for some sequential improvements. A return of sponsor activity will be important for upfronting revenue events, but the drought seems to be ending with high-profile IPOs and market activity in again. Leading indicators for restructuring revenue look good, and this is a decent chunk, around 20%, of Moelis' business, and will help out in the coming quarters finally.

A decline in revenues and higher expenses lead Moelis & Company (MC) to incur a loss in Q2.

Moelis (MC) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.57 per share a year ago.

Moelis & Company (NYSE:MC ) Q2 2023 Earnings Conference Call July 26, 2023 5:00 PM ET Company Participants Matt Tsukroff - Associate Joe Simon - Chief Financial Officer Ken Moelis - Chairman & Chief Executive Officer Conference Call Participants Ken Worthington - JPMorgan James Yaro - Goldman Sachs Brendan O'Brien - Wolfe Research Ben Rubin - UBS Financial Connell Schmitz - Morgan Stanley Devin Ryan - JMP Securities. Operator Good afternoon, and welcome to the Moelis & Company Earnings Conference Call for the Second Quarter of 2023.

Moelis & Company (MC) is well-positioned with its organic growth initiatives, global expansion efforts and decent capital deployments. However, rising expenses and macroeconomic headwinds are major concerns.

Drastic revenue decline hurts Moelis & Company's (MC) Q1 earnings, while lower expenses offer some support.