Securities and investment banking firm Jefferies Group Inc. (JEF) reported a rise in fourth-quarter net earnings to common shareholders to $72 million, or $0.31 per share, from $48 million, or $0.21 per share last year.
On a non-GAAP basis, excluding Hurricane Sandy relief donation, Leucadia merger costs and certain historical-related items, net earnings to common shareholders totaled $81 million, or $0.35 per share for the recent period. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.32 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net revenues reached $769 million, compared with $554 million in the earlier year quarter, whereas 7 analysts estimated revenues of $722.56 million for the quarter. Fixed Income net revenues more than doubled to $293 million, from the prior year's $141 million.
For comments and feedback: editorial@rttnews.com