Investing.com -- Jefferies on Monday reported better-than-expected fiscal third-quarter results, driven by strong debt underwriting sales and a jump in advisory revenue amid increased mergers and acquisitions activity.
Jefferies Financial Group Inc (NYSE:JEF) fell more than 1% in recent afterhours trading following the report.
For the three months ended Aug. 31, the company reported earnings of $1.01 a share on revenue of $2.05B billion, beating estimates $0.69 and $1.80B, respectively.
The investment bank’s better-than-expected quarterly performance was supported by advisory net revenues of $656 million, "which reflects our best quarter ever...driven by increased deal values in mergers and acquisitions across most sectors as market conditions improved," the company said.
Debt underwritign sales jumped to $249.5M from $183M a year earlier, dirven by improved market conditions.
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Jefferies Q3 results top estimates, as advisory sales climb on increased M&A boom
Published 1 month ago
Sep 29, 2025 at 9:20 PM
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