Interactive Brokers Stock Slips After Q1 Report: Here’s Why

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Interactive Brokers Group Inc. (NASDAQ:IBKR) reported first-quarter results after Tuesday’s closing bell, missing the Street’s revenue estimate.

Q1 Details

Interactive Brokers Group reported quarterly earnings of 60 cents per share which met the analyst consensus estimate, according to Benzinga Pro data. 

Quarterly revenue came in at $1.67 billion, which missed the Street estimate of $1.71 billion by 2.25%.  

Interactive Brokers reported following the first quarter highlights, compared to the year-ago quarter:

  • Customer accounts increased 31% to 4.75 million.
  • Customer equity increased 38% to $789.4 billion.
  • Total DARTs increased 24% to 4.37 million.
  • Customer credits …

Full story available on Benzinga.com

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