Stifel Financial Q3 Profit Declines - Quick Facts

(RTTNews) - Stifel Financial Corp. (SF) posted third-quarter net income of $39.9 million or $0.52 per share, lower than $69.7 million or $0.93 per share in the prior-year quarter, which included loss from discontinued operations of $0.07 per share.

Excluding items, adjusted net income from continuing operations was $48.70 million or $0.64 per share, compared to $39.65 million or $0.53 per share in the year-ago quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.66 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter grew 9.4 percent to $523.46 million from $478.63 million in the same quarter last year, while six analysts had a consensus revenue estimate of $548.54 million.