Lazard Ltd. (LAZ) Crushes Q2 Consensus Estimates
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Lazard Ltd Reports Second-Quarter and First-Half 2015 Results
July 23, 2015 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) :
Highlights
Net income per share, as adjusted1, of $0.98 (diluted) for the quarter ended June 30, 2015, excluding a net benefit of $1.78 (diluted) per share related to release of valuation allowance on deferred tax assets2, compared to $0.64 (diluted) for the 2014 second quarter. Pre-tax income per share (diluted), as adjusted1, up 37% from second-quarter 2014 Record second-quarter operating revenue1 of $607 million, up 6% from second-quarter 2014; record first-half operating revenue of $1,188 million, up 7% from first-half 2014 Record... More