Jefferies Projects Q3 EPS In Range Of $0.51 - $0.60 - Quick Facts

(RTTNews) - Jefferies Financial Group Inc. (JEF) announced preliminary results for the three months ended September 30, 2018. The company estimates it will report quarterly income before taxes of $255 - $290 million, and net income attributable to Jefferies Financial Group common shareholders of $180 - 210 million, or $0.51 - $0.60 per diluted share, for the third quarter.

The company noted that the results for the third quarter include a pre-tax gain of about $220 million recorded as a result of the August closing of the previously reported sale of its interests in Garcadia and its associated real estate, partially offset by a $49 million mark-to-market decrease in the value of Spectrum Brands investment and an estimated impairment charge related to the investment in Golden Queen.