Jefferies Financial Group Shares Decline 12% Following Earnings Miss

Dow Jones

Jan 11, 2025

By Connor Hart

Shares of Jefferies Financial Group fell in their first trading session since the investment bank reported fourth-quarter earnings that missed analyst expectations.

The stock was down 12%, to $70.45, in recent trading Friday. Shares have gained more than 78% in the last 52 weeks.

After the bell Wednesday, the New York company posted earnings of 93 cents a share, below the 97 cents a share that analysts polled by FactSet expected. In last year's comparable quarter, it reported per-share earnings of 29 cents.

Investment-banking revenue surged 73%, to $986.8 million, but was weaker than expected, hurt by lower equity underwriting, UBS analysts said in a research note. Advisory revenues jumped 91% year-over-year, to $596.7 million, but missed UBS analyst projections of $609 million.

Total revenue gained 63%, to $1.96 billion, topping analyst projections for $1.83 billion, according to FactSet.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 10, 2025 13:13 ET (18:13 GMT)

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Shares have gained more than 78% in the last 52 weeks. \n</p>\n<p>\n  After the bell Wednesday, the New York company posted earnings of 93 cents a share, below the 97 cents a share that analysts polled by FactSet expected. In last year's comparable quarter, it reported per-share earnings of 29 cents. \n</p>\n<p>\n  Investment-banking revenue surged 73%, to $986.8 million, but was weaker than expected, hurt by lower equity underwriting, UBS analysts said in a research note. 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Shares have gained more than 78% in the last 52 weeks. \n\n\n  After the bell Wednesday, the New York company posted earnings of 93 cents a share, below the 97 cents a share that analysts polled by FactSet expected. In last year's comparable quarter, it reported per-share earnings of 29 cents. \n\n\n  Investment-banking revenue surged 73%, to $986.8 million, but was weaker than expected, hurt by lower equity underwriting, UBS analysts said in a research note. 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