Leucadia Reports Q1 Loss as it Reduced Fair Value of its FXCM Investment
Posted: Wed May 04, 2016 9:32 am
Shortly after the close of trading in New York on Wednesday, Leucadia National Corporation (Leucadia), listed on the NYSE under ticker LUK, announced its financial results for the three-month period ended March 31, 2016, according to an official press release.
Leucadia reported a net loss of $229 million or 60 cents per share on a diluted basis and attributable to common shareholders. The negative result was explained as reflecting Jefferies’ previously reported fiscal first-quarter loss of $245.8 million, along with a $53.2 million reduction to the fair value of Leucadia’s FXCM investment – which reduced its cumulative gains to ... (read more)