Bloomberg News NEW YORK - Lehman Brothers Holdings Inc., the fourth-biggest U.S. securities firm, said its fiscal second-quarter earnings rose 14.5% as gains in its equities and overseas units offset declines in its fixed-income business.
Lehman's net income rose to $378 million, or $2.78 a share, from $330 million, or $2.09, a year earlier. Net revenue rose 21% to $1.76 billion in the three months ended May 31. Lehman said 49% of its revenue came from outside the United States, up from 36%, helping it weather a slump at home.
