Jefferies falls after reporting decline in quarterly profit

Shares of investment bank Jefferies JEF.N down 5.1% to $57.2 after the bell

JEF reports Q1 profit of $127.8 million, or 57 cents per share, down 14.5% from $149.6 million, or 69 cents per share, a year ago

Fixed-income net revenues decreased 18% to $289 million in Q1

JEF's capital markets business, which houses its trading desks, reported revenue of $698 million in Q1, down nearly 4%

Up to last close, stock had fallen 23% YTD