Lazard (LAZ) Tops Q1 EPS by 8c; AUM Increased 11%

April 27, 2012 7:04 AM EDT Send to a Friend
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Price: $35.23 --0%

Revenue Growth %: -9.6%

Financial Fact:
Other: 9.14M

Today's EPS Names:
CLC, FNSR, MU, More
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Lazard (NYSE: LAZ) reported Q1 EPS of $0.33, $0.08 better than the analyst estimate of $0.25. Revenue for the quarter came in at $499 million versus the consensus estimate of $452.08 million.

Assets under management increased 11% from December 31, 2011, to $157 billion as of March 31, 2012, driven by market appreciation, and are now at a higher level than the average AUM of $152 billion for the full year of 2011.

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


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