Earnings at Lehman Brothers Holdings Inc. climbed 25 percent in its fiscal first quarter, setting a company record for both profits and revenues on strong results from its investment banking and equities trading businesses.
Lehman reported Wednesday that for the quarter ending Feb. 28, it earned $1.07 billion ($3.66 per share), compared with $856 million ($2.91) a year earlier. The results include a one-time gain due to accounting changes that added $47 million (16 cents per share) to earnings. Revenue rose 17 percent to $4.46 billion from $3.81 billion a year ago.
