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Revenues Light at Jefferies

Revenue falls shy.


(JEF) - Get Jefferies Financial Group Inc. Report

said third quarter earnings rose 19% from a year ago, helped by its investment banking business.

The New York based company's earnings rose to $45.9 million, or 32 cents a share, in the quarter, compared to $38.6 million, or 28 cents a share, a year ago. Third-quarter revenue rose 13.8% to $340.6 million.

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Analysts' polled by Thomson First Call were expecting earnings of 32 cents a share on a revenue of $348.4 million.

Shares were down $3.22, or 10%, at $28.50 Tuesday.

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