Lazard Ltd. (LAZ) Tops Q2 EPS by 3c
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Lazard Ltd Reports Second-Quarter and First-Half 2016 Results
July 28, 2016 6:49 AM EDTNEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ):
Highlights
Net income per share, as adjusted1, of $0.61 (diluted) for the quarter ended June 30, 2016, compared to $0.98 (diluted) for the 2015 second quarter2. On a U.S. GAAP basis, net income per share of $0.61 (diluted) for the 2016 second quarter, compared to $2.82 (diluted) for the 2015 second quarter, which primarily reflected the reversal of our valuation allowance2. Pre-tax income per share (diluted), as adjusted1, down 23% from second-quarter 2015 Operating revenue1 of $542 million for... More