Lazard Q2 2024 Adj EPS $0.52 Beats $0.35 Estimate, Sales $684.642M Beat $638.743M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lazard (NYSE:LAZ) reported Q2 2024 adjusted EPS of $0.52, beating the $0.35 estimate by 48.57%. Sales were $684.642M, surpassing the $638.743M estimate by 7.19% and marking a 10.42% increase from the same period last year.
July 25, 2024 | 10:33 am
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Lazard (NYSE:LAZ) reported strong Q2 2024 earnings, with adjusted EPS of $0.52 beating estimates by 48.57% and sales of $684.642M surpassing expectations by 7.19%. This also represents a 10.42% increase in sales year-over-year.
Lazard's strong earnings and revenue performance, significantly beating analyst estimates, is likely to positively impact its stock price in the short term. The substantial beat on both EPS and sales, along with a notable year-over-year sales increase, indicates robust financial health and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100