Jefferies Announces Third Quarter Financial Results
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management.
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- Corporate & Investment Banking
- Capital Markets
- Asset Management
- Alternative Investments
- Wealth Management
- Trading Technology
- Accounting & Finance
- Credit
- Legal
- Risk
- Compliance
- IT / Infrastructure
- Human Resources
- Operations
- Corporate Comms & Marketing
- Secretarial & PA
NEW YORK, October 21, 2008 -- Jefferies Group, Inc. (NYSE: JEF) today announced financial results for the third quarter ended September 30, 2008.
Highlights for the third quarter ended September 30, 2008: Net revenues were $274.6 million. The net loss for the third quarter of 2008 was $(31.3) million. The net loss per share (diluted) was $(0.18). The net loss includes approximately $11 million, or $(0.06) per share, relating to amounts owed Jefferies by Lehman Brothers.
“With unprecedented market challenges and a very difficult environment, Jefferies realized relatively positive financial results for the third quarter, and our financial and market position remains strong,” commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. “Our excess liquidity and solid business base will help to position our platform to perform as conditions improve. We thank our clients, employees and shareholders for their continued support,” he added.
“With unprecedented market challenges and a very difficult environment, Jefferies realized relatively positive financial results for the third quarter, and our financial and market position remains strong,” commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. “Our excess liquidity and solid business base will help to position our platform to perform as conditions improve. We thank our clients, employees and shareholders for their continued support,” he added.
