Interactive Brokers’ Q3 misses Wall Street views


Interactive Brokers Group Inc.’s revenue rose more than expected, but its adjusted earnings missed estimates from analysts.

Earnings at Interactive Brokers climbed to $46 million, up 28% from the comparable quarter a year ago and earnings per share rose to 58 cents a share, up from 45 cents a share.

Adjusted earnings, the company said, were 53 cents a share. According to FactSet, analysts were expecting 55 cents a share.

Total net revenue rose to $548 million, up 18% from a year ago. Analysts expected $512 million.

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Source : MTV