Jefferies Group Inc. (JEF) reported an increase in its third-quarter profits compared to the same period last year, although the results fell short of Wall Street expectations.
The company's earnings for the quarter amounted to $167.13 million, or $0.75 per share, a significant rise from $51.42 million, or $0.22 per share, in the third quarter of the previous year.
Analysts, as per Thomson Reuters' figures, had on average forecasted earnings of $0.77 per share for the company. Typically, analysts' projections exclude any special items.
Revenue for Jefferies Group Inc. during the quarter saw a 42.4% increase, climbing to $1.683 billion from $1.182 billion in the same quarter last year.
Overview of Jefferies Group Inc.'s (GAAP) third-quarter earnings:
- Earnings (Q3): $167.13 million vs. $51.42 million last year.
- EPS (Q3): $0.75 vs. $0.22 last year.
- Revenue (Q3): $1.683 billion vs. $1.182 billion last year.
