Lazard reports Q1 2017 results
NEW YORK, April 27, 2017 – Lazard Ltd (NYSE: LAZ) today reported record first-quarter operating revenue1 of $624 million, and record first-quarter net income, as adjusted1, of $110 million for the quarter ended March 31, 2017.
Net income per share, as adjusted1, was a first quarter record of $0.83 (diluted), compared to $0.50 (diluted) for the 2016 first quarter.
First-quarter 2017 net income on a U.S. GAAP basis was $108 million, or $0.81 per share (diluted).
“Lazard’s record first-quarter results reflect strong performance across our businesses,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “In both Financial Advisory and Asset Management, we are serving clients with a differentiated model that combines deep local insights with fully global perspective and capabilities.”
For more information, download the full press release.
Lazard, one of the world's preeminent financial advisory and asset management firms, operates in North and South America, Europe, Asia and Australia. Celebrating its 175th year, the firm provides advice on mergers and acquisitions, capital markets and other strategic matters, restructuring and liability management, and asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.
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