Tuesday morning, financial
firms Jefferies Group
(NYSE: JEF) and Discover Financial Services
(NYSE: DFS) both reported second quarter earnings.Jefferies Beats Analyst EPS ExpectationsJefferies Group reported adjusted earnings per share of $0.31, close to $0.03 higher than the analyst consensus expectation. The investment banking and securities firm also reported revenues of $706.6 million, beating the analyst expectation of $681.30.Both Q2 adjusted earnings per share and revenue results represented declines from Q2 2011, with adjusted earnings per share declining around 13.9% and revenues declining close to 2.2%.Separately, the company declared a quarterly dividend of $0.075 per share. Jefferies has issued quarterly dividends of $0.075 per share since the beginning of 2010. Investors might interpret consistent dividend payments as a ...
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