GREENWICH, Conn. (AP) _ Interactive Brokers Group Inc. (IBKR) on Tuesday reported first-quarter earnings of $24 million.
The company, based in Greenwich, Connecticut, said it had earnings of 34 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The electronic broker and market maker posted revenue of $409 million in the period. Its adjusted revenue was $374 million.
Interactive Brokers shares have dropped nearly 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.74, a drop of 13 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBKR at https://www.zacks.com/ap/IBKR
Keywords: Interactive Brokers, Earnings Report
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