April 25, 2019 / 10:57 AM / 2 months ago

Lazard quarterly profit falls 39 percent

April 25 (Reuters) - Lazard Ltd reported a 39 percent fall in quarterly profit on Thursday, as it earned less from asset management and financial advisory fees.

Net income attributable to Lazard fell to $97 million, or 80 cents per share, in the first quarter ended March 31 from $159.7 million, or $1.21 per share, a year earlier.

On an adjusted basis, the company earned 87 cents per share.

Analysts had expected a profit of 65 cents per share, according to IBES data from Refinitiv. It was not immediately clear if the numbers were comparable. (Reporting by Bharath Manjesh in Bengaluru; Editing by Anil D’Silva)

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