Jefferies (JEF) Stock Dips 2.3% Despite Q4 Earnings Beat

Jefferies Financial Group Inc (JEF) reported fourth-quarter fiscal 2023 (ended Nov 30) earnings per share of 29 cents, which beat the Zacks Consensus Estimate of 26 cents. However, the bottom line compared unfavorably with 57 cents earned in the prior-year quarter. Results were aided by a decline in expenses and an improvement in equity and debt underwriting business. However, a decrease in equities and fixed-income capital markets revenues acted as an undermining factor. Because of these concerns, investor ...