Lazard Ltd. (LAZ) Tops Q1 EPS by 22c
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Lazard Ltd Reports First-Quarter 2019 Results
April 25, 2019 6:49 AM EDTFirst quarter operating revenue of $620 million
Assets under management of $235 billion; up 9% from year-end
Quarterly dividend increased by 7%; share repurchases of $192 million
NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $620 million for the quarter ended March 31, 2019. Net income, as adjusted2, was $106 million, or $0.87 (diluted) per share for the quarter.
First-quarter 2019 net income on a U.S. GAAP basis was $97 million, or $0.80 per share (diluted).
Our first quarter results reflect the equity markets recovery from their... More
