Jefferies Group Revenues Jump 45%

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By Trey Thoelcke Published
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Shares of Jefferies Group Inc. (NYSE: JEF) are down in premarket trading this mornings solid earnings report.

Jeffries reported third-quarter 2012 earnings per share (EPS) of $0.31 on revenue of $739 million. In the same period a year ago, the New York-based investment bank reported EPS of $0.30 on revenue of $509 million. Results compare to the Thomson Reuters consensus estimates for EPS of $0.28 and $703 million in revenue.

The company also reported that Advisory net revenues were up 24% year-over-year to $133 million, while Fixed Income net revenues increased eight-fold to $266 million.

Jefferies chairman and CEO said:

Despite a turbulent and often treacherous environment, we have just finished the best nine-month period in our firm’s history. Our equity base of $3.7 billion has never been more robust, and our balance sheet and liquidity have never been stronger. The Jefferies brand and our competitive position versus our competitors have also never been better.

In addition, the board of directors declared a quarterly dividend of $0.075 per share of common stock.

Jefferies helped arrange a $400 million bailout for Knight Capital Group Inc. (NYSE: KCG) earlier this year following trading losses spurred by a software failure.

Jefferies shares are down about 1% in premarket trading this morning, at $15.50 in a 52-week range of $9.50 to $19.82.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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