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The firm's profit amounts to 76 cents a share on a fully exchanged basis.
Lazard reported net income of $65.8 million on a fully exchanged basis and core operating revenue of $486.9 million.
The firm said it earned $52.9 million for the quarter on a fully exchanged basis, as its core business operating revenue rose only slightly, to $470.3 million.
The firm said it earned $52.9 million, or 39 cents a share, on a fully exchanged basis, as its core business operating revenue rose only slightly, to $470.3 million.
Lazard's net income was reported on a fully exchanged basis, which accounted for the minority interest held in the firm by LAZ-MD Holdings, an entity that was set up when Lazard went public to hold equity for existing and former partners.
After being fully exchanged for 24 h, the birnessites were converted into buserites (Bus).
Similar(31)
First, 2.0 g of montmorillonite (MMT) and 4.0 g of CoCl2 is added to a 50-ml beaker filled with 30 ml deionized water, and stirred for 24 h to fully exchange the Co2+ ion and Na+ ion at room temperature.
Furthermore, the half time of fluorescence recovery in spines (Figure 3E) was ∼4 times higher for corticosterone-treated cells (166.6 s±26.9) than for control cells (40.5 s±8.2) indicating that corticosterone treatment acts to remove the immobile fraction of synaptic AMPARs and that it takes longer in presence of corticosterone to fully exchange the synaptic population of SEP-GluR2.
In addition, D2O exposure for 1 h is sufficient to fully exchange the monomer because longer exchange times do not lead to more deuterium incorporation and direct injection of this sample into the mass spectrometer confirmed that this sample had nearly 100% deuterium incorporation prior to proteolytic cleavage and chromatography separation.
With increasing pore water velocity, the chloride moving by diffusion cannot fully exchange by convection while a greater fraction moves through preferential flow so that the tailing becomes longer.
The firm said that it earned about $16 million for the three months ended March 31, a steep drop from the $55 million it earned last year, assuming the exchange of fully exchangeable interests.
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