Lazard Ltd. (LAZ) Misses Q3 EPS by 11c, Revenues Miss

Lazard Ltd. (NYSE: LAZ) reported Q3 EPS of $0.86, $0.11 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $626.48 million versus the consensus estimate of $670.77 million.

“Record operating revenue for the first nine months of 2018 was tempered by a relatively flat third quarter, but we are well positioned to achieve strong results for the full year,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “We continue to invest in our business to serve clients, capitalize on growth opportunities and build shareholder value.”

For earnings history and earnings-related data on Lazard Ltd. (LAZ) click here.

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