Lazard Ltd Reports First-Quarter 2016 Results

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Go back to Lazard Ltd Reports First-Quarter 2016 Results

Lazard Ltd. (LAZ) Misses Q1 EPS by 15c

April 21, 2016 6:50 AM EDT

Lazard Ltd. (NYSE: LAZ) reported Q1 EPS of $0.50, $0.15 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $506 million versus the consensus estimate of $537.82 million.

Assets under management (AUM) of $191 billion as of March 31, 2016, down 4% from March 31, 2015, and up 2% from December 31, 2015.... More