Revenue Update on Lazard Ltd(NYSE:LAZ)

Lazard Ltd(NYSE:LAZ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $542.31M. Analysts estimated a revenue of $542.68M. Earnings per share were $0.61. Analysts had estimated an EPS of $0.58.

Lazard Ltd (LAZ) made into the market gainers list on Thursdays trading session with the shares advancing 0.59% or 0.2 points. Due to strong positive momentum, the stock ended at $34.07, which is also near the day’s high of $34.215. The stock began the session at $33.89 and the volume stood at 5,87,016 shares. The 52-week high of the shares is $57.41 and the 52 week low is $26.21. The company has a current market capitalization of $4,421 M and it has 12,97,66,091 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2015, Alexander F. Stern (Chief Operating Officer) sold 63,000 shares at $50.80 per share price.

Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates in two business segments: Financial Advisory and Asset Management. The Financial Advisory business segment offers corporate partnership institutional government sovereign and individual clients a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters restructurings capital structure capital raising and various other financial matters. The Company’s Asset Management business segment offers a range of investment solutions and investment management services in equity and fixed income strategies alternative investments and private equity funds to corporations public funds sovereign entities endowments and foundations labor funds financial intermediaries and private clients.

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