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Jefferies Group's fiscal Q4'18 net earnings slide YOY

Jefferies Group LLC reported fiscal fourth-quarter 2018 net earnings attributable to the company of $61.4 million, down from $89.9 million in the prior-year period.

The Jefferies Financial Group Inc. unit posted net revenues for the three months leading up to Nov. 30, 2018, of $762.0 million, compared with $822.6 million in the same period of 2017.

Total investment banking net revenues for Jefferies Group were $522.1 million in the quarter, which was down from the $541.0 million that was reported a year earlier.

For the full fiscal year 2018, Jefferies Group saw net earnings attributable to the company of $158.8 million, lower than the $357.5 million in the year-ago quarter.

The company posted net revenues for the fiscal year of $3.18 billion, compared with $3.20 billion a year earlier.

Net revenues for the company's overall investment banking business totaled $1.91 billion in fiscal 2018, up from $1.76 billion a year earlier.

Jefferies Financial Group's board has also authorized an additional $500 million share buyback program.