Interactive Brokers Reports $369m Revenues, as Market Making Shrinks

[kreslik.news]

Interactive Brokers (NASDAQ:IBKR) has reported on the financial outcome from its latest quarter as the company reported that its electronic brokerage business outperformed, while market making declined materially year-on-year.

The U.S. brokerage has reported earnings per share totaling $0.36, with income before taxes coming in at $213 million, while net revenues amounted to $369 million. The company declared a $0.10 dividend per share.

Net revenues were lower by 4.6 per cent, coming in at $369 million with income before income taxes reported at $213 million this quarter, which is lower by 11 per cent when compared to a year ago.

Looking at quarter-on-quarter ... (read more)