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)…
Revenue decreased 14.62% from $2.51 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 loss of $0 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)