Lazard (LAZ) Gains 5.2% as Q2 Earnings Surpass Estimates
LAZLazard(LAZ) ZACKS·2024-07-26 21:45

Lazard Inc.’s (LAZ) second-quarter 2024 adjusted earnings per share of 52 cents beat the Zacks Consensus Estimate of 40 cents. This compared favorably with earnings of 24 cents in the year-ago quarter.Results benefited from lower expenses and rise in assets under management (AUM) balances.The company’s shares moved up 5.2% following the release of its second-quarter 2024 results.Lazard’s net income (GAAP) was $49.9 million against a loss of $124 million reported in the prior-year quarter.Revenues IncreaseQu ...