U.S. Markets closed

Leucadia posts 1Q profit

NEW YORK (AP) _ Leucadia National Corp. (LUK) on Thursday reported first-quarter net income of $282.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 75 cents.

The investment banking and capital markets company posted revenue of $2.87 billion in the period.

Leucadia shares have risen 12 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent. In the final minutes of trading on Thursday, shares hit $26.14, a rise of 51 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LUK at https://www.zacks.com/ap/LUK

_____

Keywords: Leucadia, Earnings Report