The third quarter performance of Interactive Brokers Group, Inc. (NASDAQ: IBKR) was unveiled to investors as the company released its earnings following the close of the market.
The market has been enthralled by the results, with profits fell below expected while revenues shining brighter than market forecasts.
The financial results for the third quarter show that the organization posted an adjusted income of $1.75 per share, coincided by total revenue of $1.37 billion for the corresponding three-month duration.
The findings beat the wall street expected $1.33 billion revenue, but failed to meet the predicted $1.82 profit per share.
The company disclosed a quarterly net profit of $1.81 per share in accordance with GAAP, reflecting a 16 percent increase compared to the same period last year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.75 | +12.9% | 1.37 B | +19.2% |
| Historical Earnings Insight | ||||
| Q2 2024 | $1.76 | +33.3% | 1.23 B | +23.0% |
| Q1 2024 | $1.64 | +21.5% | 1.20 B | +13.9% |
| Q4 2023 | $1.52 | +16.9% | 1.14 B | +16.7% |
| Q3 2023 | $1.55 | +43.5% | 1.15 B | +44.9% |
| Q2 2023 | $1.32 | +57.1% | 1.00 B | +52.4% |
| *Growth on year-over-year basis | ||||
The topline advanced 19.21 percent, besides the bottomline advanced 12.9 percent comparing to the identical quarter of previous year.
The day’s trading saw Interactive Brokers Group (IBKR) shares hit a low of $152.01 and a high of $154.75, with a day volume of 1.74 million shares. The stock closed the regular trading session at $152.98, showing 1.11 percent advance.
