Interactive Brokers Misses Estimates; Stock Down

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.

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.