Lazard misses by $0.06, misses on revs (27.55)
- Reports Q3 (Sep) earnings of $0.10 per share, $0.06 worse than the FactSet Consensus of $0.16; revenues fell 26.8% year/year to $532 mln vs the $572.54 mln FactSet Consensus.
- Financial Advisory operating revenue was $261 million, 42% lower than the third quarter of 2022.
- Asset Management operating revenue was $262 million, flat compared to the third quarter of 2022.