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Jefferies released their first quarter results this morning. They reported GAAP EPS of $0.14 and revenue of $1.05B (-3.7% Y/Y). I'm told that revenue number beat the analyst guesses by $40M.

Press Release:

Highlights for the three months ended February 28, 2019:

Net income attributable to Jefferies Financial Group common shareholders of $45 million, or $0.14 per diluted share
Pre-tax income of $49 million

Jefferies Group (Investment Banking, Capital Markets and Asset Management) pre-tax income of $63 million
Total Net Revenues of $686 million
Total Equities and Fixed Income Net Revenues of $371 million
Investment Banking Net Revenues of $278 million, below-normal due to the impact of market conditions in December and the shutdown of the U.S. Government in December and January
Asset Management Revenues (before Allocated net interest1) of $39 million

Merchant Banking pre-tax income of $20 million
Pre-tax income of $27 million from National Beef
Mark-to-market gain of $36 million on Spectrum Brands
Pre-tax loss of $16 million in respect of Vitesse (VTSS), reflecting an unrealized mark-to-market decrease in the value of our oil hedge portfolio of $25 million as a result of the higher oil price at the end of the period (retracing part of the $48 million gain recorded in the fourth quarter); excluding this impact, Vitesse's adjusted pre-tax income2 was $10 million.

Repurchase of 9.6 million shares for $195 million, or an average price of $20.28 per share
Jefferies Financial Group had parent company liquidity of $1.5 billion at February 28, 2019

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