Interactive Brokers (IBKR) Provides Statement on Crude Oil Contracts and Margin Loss; Recognizes Provisionary Loss of ~$88M

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Go back to Interactive Brokers (IBKR) Provides Statement on Crude Oil Contracts and Margin Loss; Recognizes Provisionary Loss of ~$88M

Interactive Brokers (IBKR) Tops Q1 EPS by 5c, Revenues Miss

April 21, 2020 4:03 PM EDT

Interactive Brokers (NASDAQ: IBKR) reported Q1 EPS of $0.69, $0.05 better than the analyst estimate of $0.64. Revenue for the quarter came in at $532 million versus the consensus estimate of $563.39 million.

Financial Highlights

Commission revenue showed strong growth, increasing $96 million, or 55%, from the year-ago quarter on higher customer trading volume in an environment of high market volatility resulting from the Coronavirus Disease 2019 (COVID-19)... More