Jefferies Posts Strong Q4, Full-Year Results
Dec 19th 2012 1:25PM
Updated Dec 19th 2012 1:28PM
Jefferies Group this week reported fourth-quarter and full-year earnings that for the most part showed robust growth and even broke a record in one instance, the company reported in a press release.
Annual net revenues for 2012 reached a new high of just under $3 billion, an 18% improvement over the previous year. Net GAAP earnings to common shareholders totaled $282 million ($1.22 per share), which was slightly lower than 2011's figure.
For the quarter, revenue came in at $769 million and net was $72 million ($0.31 EPS). The two figures were 39% and 50% higher on a year-over-year basis, respectively.
In the immediate future, Jefferies is to be merged with Leucadia , which acquired it last month. Leucadia had previously been its largest shareholder.
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