UPDATE: Interactive Brokers Q4 Net Profit Down 33%
Interactive Brokers Group (NASDAQ: IBKR) reported a 33% decline in its Q4 net income.
Interactive Brokers' quarterly profit fell to $9.1 million, or $0.19 per share, from $13.6 million, or $0.29 per share, in the year-ago period.
Its revenue dropped 20% to $259.6 million from $328.7 million. However, analysts were projecting a profit of $0.18 per share on revenue of $259.4 million.
Interactive Brokers shares fell 2.13% to $13.80 in after-hours trading.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.