Interactive Brokers Group (IBKR) Posts Wider-than-Expected Q1 Loss

Interactive Brokers Group (NASDAQ: IBKR) reported Q1 EPS of ($0.24), $0.17 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $172 million versus the consensus estimate of $194.83 million.

The results for the first quarter of 2015 were negatively impacted by a $121 million net loss due to the sudden move in the value of the Swiss franc, causing several of our customers who held currency futures and spot positions to suffer losses in excess of their deposits with us; and a $197 million loss on our currency diversification strategy due to the strengthening of the U.S. dollar against other major currencies.

For earnings history and earnings-related data on Interactive Brokers Group (IBKR) click here.

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