Lazard, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 01, 2024 at 06:45 am EST
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Lazard, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net income was USD 63.57 million compared to USD 42.36 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.47 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.44 a year ago.
For the full year, net loss was USD 75.48 million compared to net income of USD 357.52 million a year ago. Basic loss per share from continuing operations was USD 0.9 compared to basic earnings per share from continuing operations of USD 3.68 a year ago. Diluted loss per share from continuing operations was USD 0.9 compared to diluted earnings per share from continuing operations of USD 3.51 a year ago.
Lazard, Inc. is a financial advisory and asset management company. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe an array of financial advisory services regarding strategic and mergers and acquisitions (M&A) advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, geopolitical advisory, and other strategic advisory matters and capital raising and placement. The Asset Management segment offers a range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. The Company operates in North and South America, Europe, Asia and Australia.
LAZARD, INC. 
