Jefferies Financial Stock Dips After Q3 Results: Here's Why
Portfolio Pulse from Erica Kollmann
Jefferies Financial Group Inc. (NYSE:JEF) reported Q3 sales of $1.68 billion, missing estimates of $1.71 billion. Despite strong investment banking performance, shares dipped 1.57% after-hours.
September 25, 2024 | 8:34 pm
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Jefferies Financial Group reported Q3 sales of $1.68 billion, missing the consensus estimate of $1.71 billion. Despite strong investment banking performance, shares fell 1.57% after-hours.
Jefferies Financial's Q3 sales missed analyst expectations, which typically leads to a negative market reaction. Despite strong performance in investment banking, the miss on sales estimates likely contributed to the 1.57% drop in share price after-hours.
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