Tuesday, March 18, 2008

Lehman Jumps on Earnings Report...

Lehman Brothers (LEH) - brokerage's net slides 57% to $489 million, or 81¢ a share, as results are hurt by net mark-to-market adjustments of $1.8 billion. Revenue falls by 31% to $3.51 billion.

But shares gain 15% pre-market as results top estimates.

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