Lazard: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Lazard, Inc. (LAZ) on Thursday reported third-quarter profit of $29.2 million.

The New York-based company said it had profit of 26 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 36 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The company posted revenue of $836.4 million in the period. Its adjusted revenue was $804.6 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $837 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAZ at https://www.zacks.com/ap/LAZ