Interactive Brokers (IBKR) Q4 Earnings Flat Y/Y, Revenues Up
Interactive Brokers Group IBKR recorded fourth-quarter 2019 adjusted earnings per share of 58 cents. The figure matched the prior-year quarter’s earnings.
Results excluded certain non-recurring items. After considering these, net income came in at $294 million or 57 cents per share compared with $290 million or 57 cents per share in the prior-year quarter.
Results were impacted by escalating non-interest expenses and fall in daily average revenue trades (DARTs). Also, the company’s segmental net revenues failed to impress. However, rise in revenues acted as a tailwind.
Interactive Brokers reported comprehensive income available to common shareholders of $51 million or 66 cents per share, up from $43 million or 56 cents per share in the prior-year quarter.
For 2019, earnings were $2.10 per share compared with the prior-year figure of $2.28. Net income decreased 3.2% to $1.1 billion.
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https://finance.yahoo.com/news/interacti...11328.html
Interactive Brokers Group IBKR recorded fourth-quarter 2019 adjusted earnings per share of 58 cents. The figure matched the prior-year quarter’s earnings.
Results excluded certain non-recurring items. After considering these, net income came in at $294 million or 57 cents per share compared with $290 million or 57 cents per share in the prior-year quarter.
Results were impacted by escalating non-interest expenses and fall in daily average revenue trades (DARTs). Also, the company’s segmental net revenues failed to impress. However, rise in revenues acted as a tailwind.
Interactive Brokers reported comprehensive income available to common shareholders of $51 million or 66 cents per share, up from $43 million or 56 cents per share in the prior-year quarter.
For 2019, earnings were $2.10 per share compared with the prior-year figure of $2.28. Net income decreased 3.2% to $1.1 billion.
...
https://finance.yahoo.com/news/interacti...11328.html