Movement Alert｜Interactive Brokers falls 3.08% in Regular Trading, Q3 EPS miss weighs on shares despite revenue beat and dividend hike

Market Focus10-17

On October 17, Interactive Brokers fell 3.08% in Regular Trading, trading near $83.29 per share, with turnover of $244 million.

The move followed the company’s latest quarterly results, which showed adjusted EPS of $0.67, below the $0.68 market expectation, even as revenue came in ahead of forecasts and the quarterly dividend was raised.

For the third quarter, net revenue was $1.914 billion, above expectations of about $1.888 billion to $1.891 billion and up from $1.655 billion a year earlier. The company lifted its quarterly dividend to $0.15 from $0.0875, an increase of more than 70%. Management also highlighted record pretax profit, a 78% pretax margin, total accounts growth of more than 30%, and record client credit balances, but the slight EPS shortfall appears to have pressured the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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