Lazard Ltd. (LAZ) Tops Q2 EPS by 14c

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Go back to Lazard Ltd. (LAZ) Tops Q2 EPS by 14c

Lazard Ltd Reports Second-Quarter and First-Half 2023 Results

July 27, 2023 6:45 AM EDT

Second-quarter operating revenue of $620 million

Asset Management AUM of $239 billion up 11% year-to-date

Financial Advisory second-quarter operating revenue up 26% from first quarter

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $620 million for the quarter ended June 30, 2023. Net income, as adjusted2, was $23 million, or $0.24 per share, diluted, for the quarter. On a U.S. GAAP basis, second-quarter 2023 net loss was $124 million, or $1.41 per share, diluted.

First-half 2023 net loss, as adjusted, was $0.3 million. On a U.S. GAAP Basis,... More