NEW YORK (AP) _ Moelis & Co. (MC) on Tuesday reported second-quarter profit of $29.5 million.
The company, based in New York, said it had earnings of 54 cents per share. Earnings, adjusted for non-recurring costs, were 56 cents per share.
The investment bank posted revenue of $153.5 million in the period. Its revenue net of interest expense was $153.5 million, which beat Street forecasts.
Moelis shares have risen nearly 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.67, a fall of 41% in the last 12 months.