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Stock impact report

Lazard (LAZ) Dips 1% Despite Surpassing Q1 Earnings Estimates [Yahoo! Finance]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
Company Research Source: Yahoo! Finance
This company had incurred a loss of 26 cents per share in the year-ago quarter. Results benefited from increased revenues and assets under management (AUM) balances. However, higher expenses acted as spoilsports. The company's shares declined 1% following the release of its first-quarter 2024 results. Lazard's net income (GAAP) was $35.8 million against a loss of $22.2 million reported in the prior-year quarter. Quarterly Revenues Increase Quarterly operating revenues were $746.6 million, which jumped 41.7% year over year. Also, the top line beat the Zacks Consensus Estimate of $691.2 million. Expenses Rise Operating expenses were $710.2 million, up 22.6% year over year. Our estimate was pegged at $680 million. The ratio of adjusted compensation expenses to operating revenues was 66%, down from the year-earlier quarter's 75.7%. The ratio of adjusted non-compensation expenses to operating revenues was 18%, down from the year-ago quarter's 27%. Quarterly Segmental Perf Show less Read more
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