Lazard Ltd. (LAZ) Misses Q1 EPS by 2c

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Go back to Lazard Ltd. (LAZ) Misses Q1 EPS by 2c

Lazard Ltd Reports First-Quarter 2021 Results

April 30, 2021 6:49 AM EDT

Operating revenue up 15% with strong momentum across our businesses

Record quarter-end assets under management of $265 billion

Returned $237 million of capital to shareholders in first quarter

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $648 million for the quarter ended March 31, 2021. Net income, as adjusted2, was $101 million, or $0.87 per share (diluted) for the quarter.

First-quarter 2021 net income on a U.S. GAAP basis was $87 million, or $0.75 per share (diluted).

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