Leucadia National 3Q earnings falls

From AP:

Diversified holding company Leucadia National Corp. said Friday that its third-quarter net income fell 22 percent as it lost money on securities, and income related to associated companies fell.

Net income in the three months to Sept. 30 fell to $287.7 million, or $1.17 per share, down from $370.2 million, or $1.50 per share.

Revenue rose to $185.9 million from $143.4 million.

It lost a net $64,000 in securities, after a gain of $9.6 million a year earlier. The loss from operations rose to $62.2 million from $38.4 million. Income related to associated companies, net of taxes, fell to $324.7 million from $379.5 million.

Shares rose 29 cents, or 1.1 percent, to close at $27.30.

Posted by on November 5th, 2010 at 8:01 pm


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