Interactive Brokers (IBKR) Tops Q2 EPS by 1c

Interactive Brokers (NASDAQ: IBKR) reported Q2 EPS of $0.36, $0.01 better than the analyst estimate of $0.35. Revenue for the quarter came in at $369 million versus the consensus estimate of $373.11 million.

Excluding other comprehensive income, the Company reported diluted earnings per share of $0.40 for the quarter ended June 30, 2016, compared to diluted earnings per share of $0.37 for same period in 2015.

Business Highlights

• 62% Electronic Brokerage pretax profit margin for this quarter, down from 65% in the year-ago quarter.
• 12% Market Making pretax profit margin for this quarter, down from 42% in the year-ago quarter.
• Customer equity grew 12% from the year-ago quarter to $73.7 billion while customer debits decreased by 21% to $15.0 billion.
• Customer accounts increased 15% from the year-ago quarter to 357 thousand.
• Total DARTs increased 5% from the year-ago quarter to 648 thousand.
• Brokerage segment equity was $3.8 billion. Total equity was $5.7 billion.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Edible Garden AG (EDBL) Reports Q2 Loss of $18.79
• Tvardi Therapeutics (TVRD) Tops Q2 EPS by 1c