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. Average AUM in first-quarter 2016 of $185 billion. Net outflows of $361 million for first-quarter 2016

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