Jefferies Misses Q2 Earnings Estimate, Reports $1.03 Per Share
Jefferies reported second-quarter earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.09, though results improved significantly from $0.43 a year earlier.
Jefferies Financial Group reported second-quarter earnings of $1.03 per share, falling short of the Zacks Consensus Estimate of $1.09 per share [1]. The miss marks a 5.5% shortfall against analyst expectations for the quarter ended May 31.
The investment bank's results nonetheless showed substantial improvement from the prior-year period, when Jefferies earned $0.43 per share [1]. The year-over-year increase of 140% reflects the firm's growth across its investment banking and capital markets franchises over the past twelve months, even as the most recent quarter came in below Wall Street's forecast.
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