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Interactive Brokers Q1 Revenue, Net Fall Sharply

By Eric Volkman - Apr 16, 2013 at 10:40PM

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In spite of the slips, the company manages to squeeze out a dividend for its shareholders.

Interactive Brokers (IBKR 3.64%) results for the company's Q1 have been unveiled, revealing fairly steep drops in its top and bottom lines. For the quarter, revenue was $216 million, or nearly 30% below the $304 million the firm posted in the same period the previous year. Net income also went down by 41% on a year-over-year basis to hit $6.6 million ($0.14 per diluted share). The same line item for Q1 2012 was $11.1 million ($0.27).

Analysts had expected revenue of $244 million and EPS of $0.13 for the most recent quarter.

In spite of the declines, Interactive Brokers maintained its existing dividend policy. As with the previous quarter, it declared a payout of $0.10 per share. This will be paid on June 14 to shareholders of record as of May 31.

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