Lazard Ltd. (LAZ) CEO Kenneth Jacobs on Q3 2021 Results - Earnings Call Transcript

Oct. 29, 2021 10:35 AM ETLazard, Inc. (LAZ) StockLAZ
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Q3: 2021-10-29 Earnings Summary

EPS of $0.98 beats by $0.03
 | Revenue of $701.64M (23.30% Y/Y) misses by $10.32M

Lazard Ltd. (NYSE:LAZ) Q3 2021 Results Conference Call October 29, 2021 8:00 AM ET

Company Participants

Alexandra Deignan - IR
Kenneth Jacobs - Chairman & CEO
Evan Russo - CFO

Conference Call Participants

Richard Ramsden - Goldman Sachs
Manan Gosalia - Morgan Stanley
Brennan Hawken - UBS
Brian McKenna - JMP Securities

Operator

Good morning, and welcome to the Lazard's Third Quarter and 9-Month 2021 Earnings Conference Call. This call is being recorded. [Operator Instructions]

At this time, I would like to turn the call over to Alexandra Deignan, Lazard's Head of Investor Relations and Corporate Sustainability. Please go ahead.

Alexandra Deignan

Thank you, and good morning. Welcome to Lazard's earnings call for the third quarter and first 9 months of 2021. I'm Alexandra Deignan, the Company's Head of Investor Relations and Corporate Sustainability. In addition to today's audio comments, we have posted our earnings release and an investor presentation, which you can access on our website. A replay of this call will also be available on our website later today.

Before we begin, let me remind you that we may make forward-looking statements about our business performance. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, those factors discussed in the company's SEC filings, which you can access on our website.

Lazard assumes no responsibility for the accuracy or completeness of forward-looking statements and assumes no duty to update these forward-looking statements. Today's discussion, it also includes certain non-GAAP financial measures that we believe are meaningful when evaluating the company's performance. A reconciliation of these non-GAAP financial measures to the comparable GAAP measures is provided in our earnings release and investor presentation.

Hosting our call

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