Stifel Financial down after missing Wall street estimates
Stifel Financial Corp. (NYSE: SF) shares are down after the financial services provider’s announcement that its third-quarter profit totaled $8.1 million, or $0.45 per share, below analyst expectations of $0.92 per share and from $5.4 million, or $0.39 per share, a year earlier.
The St. Louis-based company’s quarterly revenue jumped 66% to $190.8 million, missing Wall Street expectations of $198 million and from $115.2 million during the same period of 2006.
In today’s trading, SF shares were down 9.06%, or $4.83, at $48.49. Over the last 52 weeks, shares have ranged from $34.59 to $63.48.
