Jefferies books $443M fourth-quarter loss
The New York-based investment bank, which has now suffered five straight quarterly losses, incurred around $328 million in charges during the quarter, stemming mainly from expensing 2007’s employee stock awards.
Jefferies Group Inc. reported a fourth-quarter loss of $443 million, or $2.41 a share, due to write-downs on stock options.
The New York-based investment bank, which has now suffered five straight quarterly losses, incurred around $328 million in charges during the quarter, stemming mainly from expensing 2007’s employee stock awards.
In the 2007 fourth quarter, Jefferies lost $24 million, or 17 cents a share.
Analysts polled by New York-based Thomson Reuters forecasted a per-share loss of $2.29.
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