Jefferies Posts Strong Q4, Full-Year Results
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.
The article Jefferies Posts Strong Q4, Full-Year Results originally appeared on Fool.com.Eric Volkman has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.