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Oct. 15, 2019, 4:55 p.m. EDT

Interactive Brokers Q3 sales beat Wall Street expectations

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By Claudia Assis

Shares of Interactive Brokers Group Inc. /zigman2/quotes/208880397/composite IBKR +0.78% fell slightly in the extended session Tuesday after the brokerage reported third-quarter sales above Wall Street expectations and its quarterly per-share profit was in line with views. Interactive Brokers said it earned $36 million, or 45 cents a share, in the quarter, compared with $39 million, or 51 cents a share, a year ago. Revenue was $466 million, compared with $439 million a year ago. The company pinned the results in part on a 19% growth in net interest income and a 12% increase in commissions revenue from a year ago. Analysts polled by FactSet had expected earnings of 45 cents a share on sales of $461 million. Shares of Interactive Brokers ended the regular trading day up 0.9%. The company announced last month that it was rolling a "lite" version of its trading platform with free trading for U.S. equities, a move followed by similar announcements from companies such as Fidelity Investments, Charles Schwab Corp. /zigman2/quotes/201281754/composite SCHW +2.72% and TD Ameritrade Holding Corp. /zigman2/quotes/207561492/composite AMTD +2.81%

/zigman2/quotes/208880397/composite
US : U.S.: Nasdaq
$ 49.23
+0.38 +0.78%
Volume: 657,498
July 10, 2020 4:00p
P/E Ratio
24.07
Dividend Yield
0.81%
Market Cap
$24.23 billion
Rev. per Employee
$1.69M
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/zigman2/quotes/201281754/composite
US : U.S.: NYSE
$ 34.80
+0.92 +2.72%
Volume: 6.26M
July 10, 2020 4:00p
P/E Ratio
13.57
Dividend Yield
2.07%
Market Cap
$44.80 billion
Rev. per Employee
$563,538
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/zigman2/quotes/207561492/composite
US : U.S.: Nasdaq
$ 37.64
+1.03 +2.81%
Volume: 2.22M
July 10, 2020 4:00p
P/E Ratio
10.68
Dividend Yield
3.29%
Market Cap
$20.36 billion
Rev. per Employee
$621,366
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