Leucadia National Corporation Announces First Quarter 2008 Results

NEW YORK--(BUSINESS WIRE)--Leucadia National Corporation (LUK – NYSE) today announced its operating results for the three month period ended March 31, 2008. Net loss was $95,824,000 or $.43 per diluted common share for the three month period ended March 31, 2008 compared to net income of $8,374,000 or $.04 per diluted common share for the three month period ended March 31, 2007.

For more information on the Company’s results of operations for the first quarter of 2008, please see the Company’s Form 10-Q for the three months ended March 31, 2008, which was filed with the Securities and Exchange Commission today.

SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES
(In thousands, except earnings per share amounts)
(Unaudited)
		For the Three Month
		Period Ended March 31,
		2008				2007
Revenues and other income		$	324,849			$	197,185
Net securities gains		$	8,282			$	15,921
Loss from continuing operations before income
taxes and income (loss) related to associated companies		$	(32,793	)		$	(8,796	)
Income taxes			(11,350	)			(3,732	)
Loss from continuing operations before income
(loss) related to associated companies			(21,443	)			(5,064	)
Income (loss) related to associated companies, net of taxes			(74,381	)			12,925
Income (loss) from continuing operations			(95,824	)			7,861
Income from discontinued operations, including
gain on disposal, net of taxes			-				513
Net income (loss)		$	(95,824	)		$	8,374
Basic earnings (loss) per common share:
Income (loss) from continuing operations		$	(.43	)		$	.04
Income from discontinued operations, including
gain on disposal, net of taxes			-				-
Net income (loss)		$	(.43	)		$	.04
Number of shares in calculation			222,584				216,409
Diluted earnings (loss) per common share:
Income (loss) from continuing operations		$	(.43	)		$	.04
Income from discontinued operations, including
gain on disposal, net of taxes			-				-
Net income (loss)		$	(.43	)		$	.04
Number of shares in calculation			222,584				216,779