Interactive Brokers Posts $1.91B Q3 Revenue, Tops Prior Quarter
IBKR sits 46% above its 52-week low of $58.95.
Summary
Interactive Brokers reported Q3 revenue of $1.91 billion, edging past the $1.90 billion posted in Q2, and Q3 EPS of 69c. The sequential gain extends a run of record top-line results and follows a string of strong monthly brokerage metrics, including September client account growth of 35% year-over-year. Q2 set a high bar with EPS of $0.69 beating the $0.64 consensus and net income up 39% year-over-year.
At the time of this announcement, IBKR was trading at $86.14 on NASDAQ in the Finance sector, with a market capitalization of approximately $146.6B. The 52-week trading range was $58.95 to $98.75. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.