Interactive Brokers Group's stock down 4% following Q2 results

Interactive Brokers Group Inc.'s (IBKR) stock fell more than 4% in extended trading Tuesday after the online banking company reported quarterly results that felt shy of analysts' estimates. The company posted fiscal second-quarter net income of $601 million, or $1.20 a share, compared with net income of $360 million, or 72 cents a share, in the year-ago quarter. Adjusted net income was $1.32 a share. Revenue surged to $1 billion, from $656 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of $1.40 a share on revenue of $1.055 billion. Shares of Interactive Brokers Group have climbed 19% so far this year, while the broader S&P 500 index has also increased 19%.

-Jon Swartz

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07-18-23 1811ET

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