Lazard Q3 Earnings Miss on Higher Expenses, AUM Rises Y/Y, Stock Up
Lazard(LAZ) ZACKS·2024-11-01 21:15
Lazard Inc.’s (LAZ) third-quarter 2024 adjusted earnings per share of 38 cents missed the Zacks Consensus Estimate of 41 cents. This compared favorably with earnings of 10 cents in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Lazard’s results were negatively impacted due to a rise in expenses and weak performance in the corporate segment. Nonetheless, an increase in revenues in the financial advisory and asset management segment, along with a rise in assets u ...