Lazard Ltd. (LAZ) Misses Q1 EPS by 15c

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Go back to Lazard Ltd. (LAZ) Misses Q1 EPS by 15c

Lazard Ltd Reports First-Quarter 2016 Results

April 21, 2016 6:49 AM EDT

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ):

Highlights

Net income per share, as adjusted1, of $0.50 (diluted) for the quarter ended March 31, 2016, compared to $0.77 (diluted) for the 2015 first quarter2. Pre-tax income per share (diluted), as adjusted, down 31% from first-quarter 2015 First-quarter operating revenue1 of $506 million, down 13% from first-quarter 2015 First-quarter Financial Advisory operating revenue of $266 million, down 12% from first-quarter 2015 First-quarter M&A and Other Advisory operating revenue of $215 million, down 18% from first-quarter 2015... More

Lazard Increases Quarterly Dividend

April 20, 2016 4:20 PM EDT

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to increase the quarterly dividend on its outstanding Class A common stock by 9% to $0.38 per share. The dividend is payable on May 13, 2016, to stockholders of record on May 3, 2016.

... More