Interactive Brokers stock falls 5% after earnings miss
Interactive Brokers Group Inc. (IBKR) shares fell late Tuesday after the electronic broker missed the Street consensus on earnings. Interactive Brokers shares fell as much as 5% after hours, following a 1.1% gain to close the regular session at $84.74. The company reported first-quarter net income of $148 million, or $1.42 a share, compared with $73 million, or 74 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.35 a share, compared with 82 cents a share in the year-ago period. Revenue rose to $1.06 billion from $645 million in the year-ago quarter. Analysts surveyed by FactSet had forecast $1.41 a share on revenue of $1.05 billion.
-Wallace Witkowski
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04-18-23 1642ET
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