Leucadia National Earnings: Here’s Why Shares are Down Now
Leucadia National Corp. (NYSE:LUK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.15%.
Leucadia National Corp. Earnings Cheat Sheet
Revenue: Decreased 11.56% to $2.14 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Leucadia National Corp. reported adjusted EPS income of $1.08 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…