Lazard beats profit estimates as dealmaking booms

Reuters
Jan 29
Lazard beats profit estimates as dealmaking booms

Jan 29 (Reuters) - Lazard LAZ.N beat estimates for fourth quarter on Thursday, driven by multi-billion-dollar deals as mergers and acquisitions activity strengthened across the industry.

The investment bank reported an adjusted profit of 80 cents per share in the three months ended December 31. Analysts on average had expected 69 cents per share, according to estimates compiled by LSEG.

(Reporting by Manya Saini in Bengaluru;Editing by Arun Koyyur)

((Manya.Saini@thomsonreuters.com; X: manya__saini;))

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