Jefferies Posts Strong Q4, Full-Year Results

Jefferies Group (NYSE: JEF  ) this week reported fourth-quarter and full-year earnings that for the most part showed robust growth and even broke a record in one instance, the company reported in a press release.

Annual net revenues for 2012 reached a new high of just under $3 billion, an 18% improvement over the previous year. Net GAAP earnings to common shareholders totaled $282 million ($1.22 per share), which was slightly lower than 2011's figure.

For the quarter, revenue came in at $769 million and net was $72 million ($0.31 EPS). The two figures were 39% and 50% higher on a year-over-year basis, respectively.

In the immediate future, Jefferies is to be merged with Leucadia (NYSE: LUK  ) , which acquired it last month. Leucadia had previously been its largest shareholder.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2162191, ~/Articles/ArticleHandler.aspx, 4/17/2014 5:26:47 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.


Advertisement