Lazard (LAZ) Tops Q2 EPS by 6c, Sales Beat

Lazard (NYSE: LAZ) reported Q2 EPS of $0.64, $0.06 better than the analyst estimate of $0.58. Revenue for the quarter came in at $571 million versus the consensus estimate of $530.3 million.

“Both of our businesses performed well in the second quarter and first half of the year,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard.

“In the complex post-crisis environment, clients rely on Lazard for our advice, discretion and execution expertise,” said Mr. Jacobs. “Investors worldwide are drawn to our strong pattern of performance, global perspective and deep insight into local markets.”

“We are building shareholder value as we manage Lazard with the same rigor that we apply to our work for clients,” said Matthieu Bucaille, Chief Financial Officer of Lazard. “We remain focused on our 2014 financial targets as we continue to invest in our businesses and maintain discipline on expenses.”

For earnings history and earnings-related data on Lazard (LAZ) click here.

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