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Jefferies Financial expects Q3 EPS of up to 60 cents

New York-based Jefferies Financial Group Inc. expects to report third-quarter net income attributable to common shareholders of $180 million to $210 million, or 51 cents to 60 cents per share.

The New York-based company also expects to record pretax income of $255 million to $290 million.

The third-quarter results include a pretax gain of about $220 million from the sale of its interests in Garcadia and associated real estate.

Furthermore, Jefferies Financial's board approved changing the company's fiscal year-end. Effective with the fourth quarter, the reporting by the consolidated enterprise and Jefferies Group LLC will both have fiscal year-ends of Nov. 30.

The company is expected to report final third-quarter financial results Oct. 25.