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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Jefferies Revenue Rises 0 comments
    Jun 18, 2014 11:26 AM | about stocks: LUK

    Originally published at www.seclive.com

    Jefferies Group LLC (JEF) announced its financial results for the second quarter of fiscal year 2014, reporting a year-over-year rise in revenue. The global investment banking firm posted net revenues of $723M, up from $658M last year. Investment banking and interest income contributed the most to revenue improvement, from $277.1M to $331.1M and $258.7M to $283.5M respectively. Earnings jumped from $40.2M in the year-ago quarter to $61.8M this quarter. Chairman and CEO Richard Handler commented that the company exceeded its own expectations, with investment banking leading the way. Handler believes that the company's strategy and gains in market share reflect well on the company's performance and forward path to increased growth and profitability.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: LUK
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