Lazard Q2 Adj EPS $0.24 Beats $0.10 Estimate, Sales $620.03M Beat $567.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lazard (NYSE:LAZ) reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $0.10 by 140%. However, this is a 73.91% decrease from the same period last year. The company also reported quarterly sales of $620.03 million, beating the analyst consensus estimate of $567.99 million by 9.16%, but this is an 8.27% decrease from the same period last year.
July 27, 2023 | 10:47 am
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Lazard's Q2 earnings and sales beat estimates but are down YoY. Earnings per share at $0.24, beating estimates by 140%, sales at $620.03M, beating estimates by 9.16%.
While Lazard beat analyst estimates for Q2 earnings and sales, the figures are down compared to the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100