Moelis & Co (NYSE:MC) reported quarterly earnings of $0.33 per share which met the analyst consensus estimate. This is a 76.76 percent decrease over earnings of $1.42 per share from the same period last year. The company reported quarterly sales of $207.20 million which missed the analyst consensus estimate of $211.98 million by 2.25 percent. This is a 50.34 percent decrease over sales of $417.28 million the same period last year.
Dow Surges Over 500 Points; Western Digital Announces Plan To Split Into Two Companies
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 500 points on Monday.
The Dow traded up 1.67% to 32,959.68 while the NASDAQ rose 1.25% to 12,800.95. The S&P 500 also rose, gaining, 1.23% to 4,167.91.
