Lazard Q2 Adjusted Earnings Fall, Revenue Rises

MT Newswires Live

07/23

Lazard (LAZ) reported Q2 adjusted earnings Thursday of $0.12 per diluted share, down from $0.52 a year earlier.

Analysts surveyed by FactSet expected $0.34.

Net revenue for the quarter ended June 30 was $807.7 million, up from $796 million a year earlier.

Analysts expected $736.3 million.

Shares of the company were down 6.7% in Thursday premarket activity.

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