Interactive Brokers misses on top and bottom lines
IBKR
+2.95%
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Investing.com — Interactive Brokers Group Inc (NASDAQ:IBKR) shares were falling after the brokerage missed on revenue and adjusted earnings expectations for the second quarter.
Adjusted earnings per share of $1.32 on revenue of $1 billion compared with expectations for adjusted earnings of $1.40 a share on revenue of $1.06B.
Shares fell 2% in after hours trading. They are up 19% so far this year.
Both adjusted earnings and revenue were up from the same time last year.
The company said commission revenue was unchanged at $322 million and that customer trading volume was mixed across product types, with options contracts volume up 9% while futures contracts and stock share volumes were down 3% and 28%, respectively.
Customer accounts increased 19%, to 2.29M, the company said.
