Lazard reports Q1 2018 results
Share
NEW YORK, April 26, 2018 – Lazard Ltd (NYSE: LAZ) today reported record quarterly operating revenue1 of $724 million for the quarter ended March 31, 2018. Net income, as adjusted1 and excluding one-time charges2, was $166 million, or $1.26 (diluted) per share for the quarter.
First-quarter 2018 net income on a U.S. GAAP basis was $160 million, or $1.21 per share (diluted).
“Our record results this quarter reflect high performance across our franchise globally,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “Our clients and our shareholders are benefitting from investments we’ve made in the business, and we continue to pursue opportunities for growth.”
For more information, download the full press release.
About Lazard
Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 43 cities across 26 countries 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 capital solutions, 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.
Related News & Announcements
More News & Announcements
September 11, 2023