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Lehman Brothers reported earnings that beat analysts’ estimates
19 September 2007
The nation’s fourth largest brokerage firm, Lehman Brothers Holdings Inc. has reported net income of $887m for Q3 - a decrease of 3% from $912m achieved in the same period in 2006. Net income for Q2 2007 was $1.3bn.
Lehman earned $1.54 per share, in the quarter, down 3% from last year. Analysts had forecast $1.47 per share.
Richard S. Fuld, Jr., chairman and chief executive of Lehman Brothers, said: “Despite challenging conditions in the market our results demonstrate the diversity and financial strength of the Lehman Brother franchise, as well as our ability to perform across cycles.”
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