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Update: Jefferies Financial Shares Fall After Fiscal Q2 Results Miss Estimates

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(Updates with the latest stock movement in the headline and first paragraph.)

Jefferies Financial Group (JEF) shares fell 9.3% in Thursday trading a day after the company reported fiscal Q2 results that missed expectations.

Earnings in the three months ended May 31 rose to $1.02 per diluted share from $0.40 a year earlier.

Analysts polled by FactSet expected $1.16.

Revenue climbed to $2.21 billion from $1.63 billion. Four analysts expected $2.3 billion.

The company repurchased 4 million shares for $197 million in the quarter and increased its share buyback authorization to $250 million.

Price: $52.53, Change: $-5.41, Percent Change: -9.34%

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