Jefferies Reports Preliminary Fourth Quarter EPS of $0.35

Jefferies Group, Inc. JEF announced today preliminary financial results for its fiscal fourth quarter and 11-month fiscal year ended November 30, 2010. These results are preliminary pending resolution of the item described below.

Preliminary highlights for the three months ended November 30, 2010 versus the three months ended December 31, 2009:

• Net revenues of $695 million, versus $538 million.
• Net income to Common Shareholders of $71 million, versus $94 million.
• Net earnings per common share of $0.35, versus $0.46.
• Investment Banking revenues of $292 million, versus $194 million.