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Stifel Financial Corp. (NYSE:SF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.13%.
Stifel Financial Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 41.86% to $0.61 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Rose 21.61% to $417.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Stifel Financial Corp. reported adjusted EPS income of $0.61 per share. By that measure, the company beat the mean analyst estimate of $0.6. It missed the average revenue estimate of $418.4 million.
Quoting Management: “2012 represented Stifel’s 17th consecutive year of record net revenues. This is a significant accomplishment, particularly given past market cycles. We remain focused on our goal of delivering superior client services, which has benefitted all Stifel constituents: clients, shareholders, and associates,” said Ronald J. Kruszewski, Chairman, President and CEO of Stifel.
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