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Lazard's Q4 Adjusted Earnings, Operating Revenue Grow

· 02/05/2021 02:18

07:02 AM EST, 02/05/2021 (MT Newswires) -- Lazard (LAZ) reported Q4 adjusted earnings Friday of $1.66 per share, up from $0.91 per share a year ago. Analysts polled by Capital IQ projected EPS of $0.97.

Total operating revenue was $848.8 million for the quarter ended Dec. 31, up from $708 million a year ago. The Street forecast was $684.9 million.

Average assets under management for the recent quarter were $246 billion, up 3% from a year earlier.

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