Jefferies (JEF) Q1 Earnings and Revenues Lag Estimates

Jefferies (JEF) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -31.82%. A quarter ago, it was expected that this investment banking and capital markets company would post earnings of $0.98 per share when it actually produced earnings of $1.05, delivering a surprise of 7.14%.Over the ...