Lazard Ltd. (LAZ) Tops Q4 EPS by 2c, Revenues Beat

Lazard Ltd. (NYSE: LAZ) reported Q4 EPS of $0.94, $0.02 better than the analyst estimate of $0.92. Revenue for the quarter came in at $685 million versus the consensus estimate of $666.68 million.

• Record annual operating revenue of $2.75 billion, up 4% from prior year
• Record annual adjusted net income per share (diluted) of $4.16, up 10% from prior year
• Returned over $1 billion to shareholders through dividends and share repurchases

“Our record results for 2018 underscore our continued growth, the strength of our global franchise and the breadth and depth of our business,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “We are meeting the evolving needs of clients with highly differentiated advice and solutions. We are investing in our technology infrastructure and data science capabilities to enhance our Asset Management and Financial Advisory businesses.”

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

You May Also Be Interested In

• Etsy upgraded to buy at BofA on durable growth, buyback potential
• Genworth Financial CEO returns from leave of absence in September
• Wolfe remains "broadly bullish on AI semis stocks", names Top Pick