Lazard Ltd. (LAZ) Misses Q3 EPS by 11c, Revenues Miss
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Lazard Ltd Reports Third-Quarter and Nine-Month 2018 Results
October 25, 2018 6:49 AM EDTRecord nine-month operating revenue for Financial Advisory and Asset Management
Average assets under management of $240 billion in the third quarter
Strong operating cash flow resulted in record return of capital year to date
NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today reported third-quarter operating revenue1 of $606 million for the quarter ended September 30, 2018. Net income, as adjusted1 and excluding a pre-tax charge2, was $111 million, or $0.86 per share (diluted) for the quarter. Third-quarter 2018 net income on a U.S. GAAP basis was $107 million, or $0.82 per share (diluted).... More
