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Leucadia National Corporation Announces First Quarter 2008 Results

By: Business Wire
May. 9, 2008 08:59 PM
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Leucadia National Corporation (LUK – NYSE) today announced its operating results for the three month period ended March 31, 2008. Net loss was $95,824,000 or $.43 per diluted common share for the three month period ended March 31, 2008 compared to net income of $8,374,000 or $.04 per diluted common share for the three month period ended March 31, 2007.

For more information on the Company’s results of operations for the first quarter of 2008, please see the Company’s Form 10-Q for the three months ended March 31, 2008, which was filed with the Securities and Exchange Commission today.

 

SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES

(In thousands, except earnings per share amounts)

(Unaudited)

 
For the Three Month

Period Ended March 31,

2008

 

2007

 
Revenues and other income $324,849   $197,185  
 
Net securities gains $8,282   $15,921  
 
Loss from continuing operations before income

taxes and income (loss) related to associated companies

$ (32,793 ) $ (8,796 )
 
Income taxes   (11,350)   (3,732)
 
Loss from continuing operations before income
(loss) related to associated companies (21,443 ) (5,064 )
 
Income (loss) related to associated companies, net of taxes   (74,381)   12,925  
 
Income (loss) from continuing operations (95,824 ) 7,861
 
Income from discontinued operations, including
gain on disposal, net of taxes   -     513  
 
Net income (loss) $(95,824)$8,374  
 
 
Basic earnings (loss) per common share:
Income (loss) from continuing operations $ (.43 ) $ .04
Income from discontinued operations, including
gain on disposal, net of taxes   -     -  
Net income (loss) $(.43)$.04  
 
Number of shares in calculation   222,584     216,409  
 
Diluted earnings (loss) per common share:
Income (loss) from continuing operations $ (.43 ) $ .04
Income from discontinued operations, including
gain on disposal, net of taxes   -     -  
Net income (loss) $(.43)$.04  
 
Number of shares in calculation   222,584     216,779  

Published May. 9, 2008
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About Business Wire
Copyright © 2008 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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