Leucadia National Earnings Cheat Sheet: Swinging to a Profit

S&P 500 (NYSE:SPY) component Leucadia National Corporation (NYSE:LUK) reported its results for the second quarter. Leucadia National Corp. 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 Second Quarter

Results: Swung to a profit of $186.3 million (76 cents per diluted share) in the quarter. The lumber and wood company had a net loss of $235.1 million or a loss of 97 cents per share in the year earlier quarter.

Revenue: Rose more than twofold to $753.4 million from the year earlier quarter.

Actual vs. Wall St. Expectations: LUK fell in line with the mean analyst estimate of 76 cents per share.

Key Stats:

The company fell in line with estimates last quarter after missing forecasts in the previous quarter with net income of 5 cents versus a mean estimate of net income of 45 cents per share.

The company’s revenue has now risen for two straight quarters. In the first quarter, revenue increased 25.8% to $281.7 million from the year earlier quarter.

Competitors to Watch: Telephone & Data Systems, Inc. (NYSE:TDS), IDT Corporation (NYSE:IDT), 3M Company (NYSE:MMM), Sprint Nextel Corporation (NYSE:S), Raven Industries, Inc. (NASDAQ:RAVN), Handy and Harman Ltd (NASDAQ:HNH), Otter Tail Corporation (NASDAQ:OTTR), Carlisle Companies, Inc. (NYSE:CSL), General Electric Company (NYSE:GE), and Verizon Communications Inc. (NYSE:VZ).

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(Source: Xignite Financials)

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