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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 -0.26% 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 +2.24% and TD Ameritrade Holding Corp. /zigman2/quotes/207561492/composite AMTD +1.02%

/zigman2/quotes/208880397/composite
US : U.S.: Nasdaq
$ 46.50
-0.12 -0.26%
Volume: 316,676
Nov. 15, 2019 4:00p
P/E Ratio
22.19
Dividend Yield
0.86%
Market Cap
$3.57 billion
Rev. per Employee
$1.69M
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/zigman2/quotes/201281754/composite
US : U.S.: NYSE
$ 44.35
+0.97 +2.24%
Volume: 7.06M
Nov. 15, 2019 6:30p
P/E Ratio
16.43
Dividend Yield
1.53%
Market Cap
$56.87 billion
Rev. per Employee
$563,538
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/zigman2/quotes/207561492/composite
US : U.S.: Nasdaq
$ 40.70
+0.41 +1.02%
Volume: 2.27M
Nov. 15, 2019 4:00p
P/E Ratio
10.28
Dividend Yield
3.05%
Market Cap
$22.32 billion
Rev. per Employee
$621,366
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