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 1.00%.
Leucadia National Corp. Earnings Cheat Sheet
Revenue: Rose 26.3% to $2.71 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Leucadia National Corp. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Key Stats (on next page)…
Revenue increased 26.16% from $2.14 billion in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0 and has not changed. For the current year, the average estimate has moved up from a loss of $0.76 to a profit of $2.4 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)