jump1
11 years ago
For the third quarter, Lazard's revenues grew 10%, year- over-year, to $489 million, which was higher than the $453 million consensus estimate. Earnings per share (EPS) were $0.45, which beat handily the $0.36 consensus estimate. The firm's financial advisory operating revenue was $234 million for the quarter. It grew 6%, year-over-year.
Hope your still in there. :)
stocktrader001
14 years ago
PRESS RELEASE: Lazard World Dividend & Income Fund Declares Monthly Distribution
PRESS RELEASE: Lazard World Dividend & Income Fund Declares Monthly Distribution
NEW YORK--(BUSINESS WIRE)--November 15, 2010--
The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the "Fund") (NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07063 per share on the Fund´s outstanding common stock. The distribution is payable on December 23, 2010 to shareholders of record on December 13, 2010. The ex-dividend date is December 9, 2010.
Portfolio data as of October 31, 2010, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management LLC´s ("LAM") website, www.LazardNet.com. Additionally, the notice required by Section 19(a) of the Investment Company Act of 1940, as amended, which provides information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on www.LazardNet.com.
The Fund´s objective is total return, through a combination of dividends income, and capital appreciation. The Fund´s net assets are invested in a portfolio of approximately 60 to 90 world equity securities, consisting primarily of the highest dividend-yielding stocks selected from the current holdings of other accounts managed by LAM. The equity portfolio is broadly diversified in both developed and emerging market countries and across the capitalization spectrum. The Fund seeks enhanced income by investing in short duration (typically below one year) emerging market forward currency contracts and other emerging market debt instruments.
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund´s investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of September 30, 2010, LAM and affiliated asset management companies in the Lazard Group managed approximately $144 billion worth of client assets. For more information about LAM, please go to www.LazardNet.com.
CONTACT: Lazard Ltd
Media:
Judi Mackey,
212-632-1428
judi.mackey@lazard.com
or
Investor:
Ben Wulfsohn,
800-823-6300
ben.wulfsohn@lazard.com
SOURCE: Lazard World Dividend & Income Fund, Inc.
Copyright Business Wire 2010
Click here to go to Dow Jones NewsPlus, a web front page of today´s most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=2zlvsloiAKV80fycieqqWg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
November 15, 2010 09:36 ET (14:36 GMT)
stocktrader001
14 years ago
LAZ 36.10$ tomorrow earnings release. is expected to beat street.
Earnings Alert: Lazard is Expected to Beat the Street Consensus When It Reports Earnings (LAZ)
Written on Mon, 10/25/2010 - 11:16am
By Chip Brian
Analysts, on average, expect Lazard (NYSE:LAZ) to report earnings of $0.42 per share on sales of $442 million on October 27, 2010.
For the full year, analysts expect the company to post EPS of $1.86. In the year-ago period, the company reported EPS of $0.41 on sales of $438 million.
In the previous quarter, the company reported EPS of $0.39, topping consensus estimates of $0.37.
SmarTrend is bullish on shares of Lazard and our subscribers were alerted to Buy on July 13, 2010 at $29.20. The stock has risen 21.6% since the alert was issued.