Lazard beats by $0.04, beats on revs
- Reports Q1 (Mar) earnings of $0.83 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus of $0.79; revenues rose 23.4% year/year to $624.43 mln vs the $611.43 mln Capital IQ Consensus.
- AUM as of March 31, 2017, was a record $215 billion, up 13% from March 31, 2016, and up 9% from December 31, 2016, primarily driven by market appreciation. Net inflows of $3.3 billion were primarily driven by strategies in our global equity, multi-regional equity and emerging markets platforms.