Lazard beats by $0.10, beats on revs (45.27)
- Reports Q3 (Sep) earnings of $0.85 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $0.75; revenues rose 2.5% year/year to $624 mln vs the $593.19 mln Capital IQ Consensus.
- "Record operating revenue for the third quarter and year to date reflects the strength of our franchise, the quality of work for our clients, and the investments we continue to make in the business," said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. "We are building on a strong and stable foundation, with a solid track record of performance through cycles, and we are in an excellent position to capitalize on growth opportunities."