Market Updates
FedEx, Oracle Drop Ahead of Results, Jefferies Net Jumps
Mukesh Buch
19 Jun, 2018
New York City
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Jefferies Group net surged on 20% jump in revenues. FedEx, La-Z-Boy and Oracle declined ahead of fourth-quarter earnings results.
[R]12:35 PM New York City, New York – Jefferies Group net surged on 20% jump in revenues. FedEx, La-Z-Boy and Oracle declined ahead of fourth-quarter earnings results.[/R]
Tollbooth Index slumped 207.33 or 1.3% to 15,293.43 but for the year-to-date soared 11.1%.
Earnings Review
FedEx Corporation ((FDX)) dropped 2.5% or $6.34 to $257.03 ahead of the fourth-quarter earnings results after the market close today.
Jefferies Group Inc ((JEF)) rose 11 cents to $22.32 after the diversified financial services provider said total net revenues in the second-quarter ending in May soared 20% from a year ago to $823 million.
Net income in the quarter surged to $98 million from $69.8 million in the same quarter last year.
""Our second quarter results reflect continued strong performance in investment banking,” said chairman and chief executive officer Rich Handler.
La-Z-Boy Inc ((LZB)) slipped 1.6% or 55 cents to $32.60 ahead of earnings results for the fourth-quarter after the today’s market closes.
Oracle Corporation ((ORCL)) fell 35 cents to $46.18 ahead of earnings results for the fourth-quarter after the today’s market closes.
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