24/7 Wall St.
04-21-2008, 09:21 AM
24/7 Wall St. Daily News
Jefferies Group, Inc. (NYSE: JEF) has posted some ugly earnings this morning and it has announced a financing package. Jefferies posted a net loss of $60.5 million, or -$0.43 EPS on a 52% drop in revenues to $201.2 million. First Call had estimates of $0.12 EPS on $313.6 million. We thought maybe that there was a charge or something in the number, but the quote from Jefferies CEO, Richard Handler says it all: "Despite this quarter’s brutal market conditions and disappointing results...." The company has also announced that Leucadia National Corporation (NYSE: LUK) has entered into a financing pact with...http://feeds.feedburner.com/~f/typepad/RyNm?i=1wdQJuG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1wdQJuG) http://feeds.feedburner.com/~f/typepad/RyNm?i=3iftsfG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=3iftsfG) http://feeds.feedburner.com/~f/typepad/RyNm?i=z9bdasg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=z9bdasg)
complete story here... (http://www.247wallst.com/2008/04/jefferies-saves.html)
Jefferies Group, Inc. (NYSE: JEF) has posted some ugly earnings this morning and it has announced a financing package. Jefferies posted a net loss of $60.5 million, or -$0.43 EPS on a 52% drop in revenues to $201.2 million. First Call had estimates of $0.12 EPS on $313.6 million. We thought maybe that there was a charge or something in the number, but the quote from Jefferies CEO, Richard Handler says it all: "Despite this quarter’s brutal market conditions and disappointing results...." The company has also announced that Leucadia National Corporation (NYSE: LUK) has entered into a financing pact with...http://feeds.feedburner.com/~f/typepad/RyNm?i=1wdQJuG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1wdQJuG) http://feeds.feedburner.com/~f/typepad/RyNm?i=3iftsfG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=3iftsfG) http://feeds.feedburner.com/~f/typepad/RyNm?i=z9bdasg</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=z9bdasg)
complete story here... (http://www.247wallst.com/2008/04/jefferies-saves.html)