Lazard (LAZ) Misses Q3 Earnings and Revenue Estimates

Impact · against what's priced in

Lazard faces negative momentum following a double miss on Q3 earnings and revenue, marking the second consecutive quarter of significant EPS underperformance. The revenue growth of 11% year-over-year is offset by a persistent trend of missing consensus estimates and a substantial year-to-date decline in share price.

LAZ−0.60

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In context

Lazard missed Q3 EPS estimates by $0.07 and revenue estimates by 3.86%, continuing a pattern of underperformance where it surpassed EPS estimates only once in the last four quarters.

Read from the article alone

• earnings▲15%
• revenue▲6%
• banking
• LAZ
• earnings miss
• financial services

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