Shares of Jefferies Financial Group (JEF) lost 1.1% in after-hours trading in response to lower-than-expected third-quarter fiscal 2024 (ended Aug. 31) results. Adjusted earnings of 75 cents per share lagged the Zacks Consensus Estimate of 80 cents. In the prior-year quarter, the company recorded adjusted earnings of 32 cents.Results were hurt by higher expenses. However, an improvement in net revenues driven by a solid rebound in the investment banking (IB) business acted as a tailwind. The performance of ...