Lazard Q3 2024 Adj. EPS $0.38 Misses $0.40 Estimate, Sales $645.914M Miss $652.121M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lazard reported Q3 2024 earnings per share of $0.38, missing the analyst estimate of $0.40. Sales were $645.914 million, slightly below the $652.121 million estimate, but up 21.50% from last year.
October 31, 2024 | 10:31 am
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Lazard's Q3 2024 earnings per share of $0.38 missed the analyst estimate of $0.40, and sales of $645.914 million were below the $652.121 million estimate. Despite the miss, sales increased by 21.50% compared to the same period last year.
Lazard's earnings and sales both missed analyst estimates, which is typically viewed negatively by investors and could lead to a short-term decline in stock price. However, the significant year-over-year sales growth may mitigate some negative sentiment.
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IMPORTANCE 80
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