LUK Leucadia National Corp.

Leucadia National Corp., the parent of investment bank Jefferies, swung to a first-quarter loss, driven by losses at the investment bank.

The New York holding company also booked a $53.2 million investment loss tied to its bailout of currency-trading firm FXCM Inc. last year, when Switzerland's central bank lifted its cap on the Swiss franc's exchange rate against the euro.

FXCM swung to a loss in the fourth quarter, the most recent results available, as it reported lower trading volume and revenue.

Looking ahead, Leucadia said its National Beef business is primed for growth and said it expects solid results for Jefferies' current quarter.

Leucadia owns a 79% stake in National Beef Packaging Co.

Over all, Leucadia reported a loss of $222.9 million, or 60 cents a share, compared with a year-earlier profit of $380.8 million, or 99 cents a share. The results, which exclude $1 million in preferred stock dividends, are based on 1.4% fewer shares outstanding.

Revenue fell 37% to $2.02 billion.

Shares, which have lost nearly one-third of their value over the past 12 months, fell 1.5% to $10.95 in after-hours trading.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

May 04, 2016 19:15 ET (23:15 GMT)

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