Lazard LtdLAZ
▼ NegativeCapitalrelevance
Non-GAAP EPS of $0.12 missed estimates by $0.23, indicating weaker profitability.
Impact on stocks 1
Financials
Lazard LtdLazard second-quarter earnings miss estimates while revenue beats
Earnings
Lazard reported second-quarter 2026 non-GAAP earnings of 12 cents per share, missing analyst expectations by 23 cents, while revenue of $786 million beat estimates by $49.99 million. Financial Advisory net revenue fell 9% from a year earlier to $450 million. Adjusted management fees rose 23% year-over-year to $310 million, and average assets under management climbed 17% to $279 billion.
Lazard LtdNon-GAAP EPS of $0.12 missed estimates by $0.23, indicating weaker profitability.