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Moelis: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Moelis & Co. (MC) on Wednesday reported first-quarter earnings of $38.4 million.

The company, based in New York, said it had earnings of 48 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The investment bank posted revenue of $319.8 million in the period. Its revenue net of interest expense was $319.8 million, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $336.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MC at https://www.zacks.com/ap/MC

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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