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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 +1.92% 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 +1.52% and TD Ameritrade Holding Corp. /zigman2/quotes/207561492/composite AMTD +1.65%

/zigman2/quotes/208880397/composite
US : U.S.: Nasdaq
$ 55.87
+1.05 +1.92%
Volume: 393,299
Feb. 19, 2020 4:00p
P/E Ratio
26.63
Dividend Yield
0.72%
Market Cap
$4.21 billion
Rev. per Employee
$1.69M
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/zigman2/quotes/201281754/composite
US : U.S.: NYSE
$ 47.44
+0.71 +1.52%
Volume: 6.38M
Feb. 19, 2020 6:30p
P/E Ratio
17.77
Dividend Yield
1.52%
Market Cap
$60.03 billion
Rev. per Employee
$563,538
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/zigman2/quotes/207561492/composite
US : U.S.: Nasdaq
$ 49.81
+0.81 +1.65%
Volume: 2.42M
Feb. 19, 2020 4:00p
P/E Ratio
13.87
Dividend Yield
2.49%
Market Cap
$26.49 billion
Rev. per Employee
$621,366
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