Why Shares of Jefferies Financial Group Are Down Today
Share of the investment bank Jefferies Financial Group (NYSE: JEF) had fallen roughly 10% as of 1:55 p.m. ET today after the company reported earnings results for the fourth quarter and full year of 2021.
For the three months ending Nov. 30, 2021, Jefferies reported $1.20 diluted earnings per share (EPS) on total revenue of roughly $1.8 billion, missing on both EPS and revenue estimates. Analysts on average had projected Jefferies to report $1.34 EPS on total revenue of $1.9 billion. On an adjusted basis after removing some expenses related to the repayment of debt in the quarter, Jefferies would have beat EPS estimates.
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Source Fool.com
