Lazard Q3 EPS Beats View - Quick Facts

(RTTNews) - Lazard Ltd (LAZ), a financial advisory and asset management firm, Thursday said third-quarter net income attributable to the company advanced to $88.86 million from $60.28 million. Earnings per share grew to $0.67 from $0.45.

Adjusted earnings per share was $0.67, while it totaled $0.46 last year. On average, 12 analysts polled by Thomson Reuters expected earnings of $0.64 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue rose to $581.72 million from $500.52 million, and net revenue was $566.21 million, compared to $480.35 million last year. Analysts expected revenues of $555.75 million.

Kenneth Jacobs, Chairman and CEO, said, "Lazard achieved solid quarterly results, contributing to record operating revenue year-to-date. We had strong performance across both our businesses."