Interactive Brokers Group Q3 Profit Declines

Interactive Brokers Group, Inc. (IBKR) reported net income available for common shareholders of $8.5 million or $0.20 per share for the third quarter, lower than $27.2 million or $0.65 per share in the same quarter a year-ago.

On average, 7 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly total net revenues declined to $271.5 million from $497.1 million in the previous year quarter. Analysts expected the company to report revenue of $297.60 million.

by RTTNews Staff Writer

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