Interactive Brokers ( NASDAQ: IBKR ) stock jumped 6.2% in Tuesday after-hours trading after the automated electronic broker said posted better-than-expected Q3 results. Commission revenue was relatively flat compared with Q2 and daily average revenue trades slipped from the prior quarter.
Q3 adjusted EPS of $1.08, beating the $0.95 consensus, climbed from $0.84 in Q2 and from $0.78 in the year-ago quarter.
Q3 adjusted net revenue of $847M, exceeding $793M consensus, increased from $717M in the prior quarter and from $650M in the year-ago quarter.
Q3 total daily average revenue trades of 1.92M fell from 2.17M in Q2, but rose 15% Y/Y.
Commission revenue rose 3% Y/Y to $320M, on higher customer futures trading volume and higher options commission per contract, tempered by lower stock volume. The figure, though, edged down from $322M in Q2.
Net interest income was $473M, compared with $348M in Q2 and from $274M in Q3 2021.
Total noninterest expenses of $267M vs. $264M in the prior quarter and $230M in the year-ago quarter.
Customer accounts increased to 2.01M from 1.92M at the end of Q2.
Conference call at 4:30 PM ET.
Earlier, Interactive Brokers Group ( IBKR ) non-GAAP EPS of $1.08 beats by $0.13, revenue of $847M beats by $54.3M
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Interactive Brokers stock climbs after strong Q3 earnings beat