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