Jefferies Group Inc. (JEF) has reported an increase in earnings for the fourth quarter compared to the same timeframe last year, though the results fell short of analysts' expectations.
The company's net income reached $205.75 million, equating to $0.91 per share. This marks a significant improvement from the $65.55 million, or $0.29 per share, reported in the fourth quarter of the previous year.
According to data from Thomson Reuters, analysts had anticipated earnings of $1.04 per share, with their projections typically not accounting for special items.
A concise overview of Jefferies Group Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP) for Q4 is as follows:
- Net Earnings: $205.75 million versus $65.55 million in the prior year.
- Earnings Per Share: $0.91 compared to $0.29 in the previous year.
