Lazard Q1 2024 Adj EPS $0.66 Beats $0.51 Estimate, Sales $765.00M Beat $668.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lazard (NYSE:LAZ) reported Q1 2024 adjusted EPS of $0.66, surpassing the $0.51 estimate, with sales of $765M also beating the $668.12M estimate. This represents a 45.16% increase in sales compared to the same period last year.
April 25, 2024 | 10:31 am
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Lazard reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year sales growth.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year sales growth further underscores the company's strong performance and may attract more investors.
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