Lazard reports Q1 2019 results
NEW YORK, April 25, 2019 – Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $620 million for the quarter ended March 31, 2019. Net income, as adjusted2, was $106 million, or $0.87 (diluted) per share for the quarter.
First-quarter 2019 net income on a U.S. GAAP basis was $97 million, or $0.80 per share (diluted).
“Our first quarter results reflect the equity markets’ recovery from their fourth-quarter dislocation, and uneven advisory activity across geographies,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “We continue to invest in our people and capabilities to enhance our competitive edge and build value for all our stakeholders.”
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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