Leucadia National Earnings: Beats Estimates

S&P 500 (NYSE:SPY) component Leucadia National Corporation (NYSE:LUK) reported net income above Wall Street’s expectations for the first quarter. Leucadia National is a holding company involved in the businesses of telecommunications, property management, manufacturing, gaming entertainment, medical product development, real estate activities, and winery operations.

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Leucadia National Earnings Cheat Sheet for the First Quarter

Results: Net income for Leucadia National Corporation rose to $490.9 million ($1.97 per share) vs. $10.5 million (4 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year-earlier quarter.

Revenue: Rose 753.5% to $2.42 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Leucadia National Corporation beat the mean analyst estimate of 40 cents per share. It beat the average revenue estimate of $634.2 million.

Key Stats:

The company has beaten estimates for two quarters in a row. In the fourth quarter of the last fiscal year, it topped expectations with net income of 46 cents versus a mean estimate of a loss of 24 cents per share.

Looking Forward: Expectations for the second quarter have not changed from 39 cents. The average estimate for the fiscal year has remained at $1.58 per share.

Competitors to Watch: Telephone & Data Systems, Inc., IDT Corporation, 3M Company, Sprint Nextel Corporation, Raven Industries, Inc., Handy and Harman Ltd, Otter Tail Corporation, Carlisle Companies, Inc., General Electric Company, and Verizon Communications Inc.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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