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Interactive Brokers Misses Estimates; Stock Down (IBKR)

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Interactive Brokers Misses Estimates; Stock Down IBKR

Interactive Brokers (NASDAQ: IBKR) released its fiscal second-quarter earnings results after the closing bell on Tuesday.

The company reported both earnings per share and revenue that was below Wall Street consensus. In late trade, the stock was last down a little more than 2 percent to $16.46.

Q2 Results

Interactive Brokers reported net income of $10.3 million or $0.21 per share, compared to $7.9 million or $0.17 per share, in last year's corresponding quarter. This compared to Wall Street analysts' consensus EPS estimates of $0.22.

Total revenue fell to $283.9 million from $260.9 million last year. This also missed Wall Street revenue estimates of $320.93 million.

Related:What to expect from eBay's earnings report tomorrow.

 

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