Decided to get out @ 27.60 for a nice 0.90 cent profit. Still keeping this one on my drop watch list. Want to compare valuations tween IBKR and E*Trade too.
Cheers!
MS
Cheers!
MS
IBKR opens @ 50 or so.
- Thread starter demoship
- Start date
NEW YORK (MarketWatch) -- Interactive Brokers Group Inc., which priced its initial public offering earlier this month, late Tuesday reported first-quarter pro forma earnings of 31 cents a share, down from 34 cents a share for the same period of 2006.
Net revenue was $330.8 million for the first quarter ended March 31, while income before income tax amounted to $190.3 million, according to a press release filed with the Securities and Exchange Commission.
The Greenwich, Conn., company is an automated broker and market maker, meaning trades are placed electronically through its software systems rather than verbally through live brokers.
Net revenue totaled $328.6 million, and income before income tax was $215.4 million for last year's first quarter.
Shares of Interactive Brokers closed Tuesday at $27.55, up 26 cents.
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But its "After Hours" posted a 4.43% decline for the day, quotes at $26.33. It may touch $25 today in a global stock market consolidation (or retreat) initiated by China.
Net revenue was $330.8 million for the first quarter ended March 31, while income before income tax amounted to $190.3 million, according to a press release filed with the Securities and Exchange Commission.
The Greenwich, Conn., company is an automated broker and market maker, meaning trades are placed electronically through its software systems rather than verbally through live brokers.
Net revenue totaled $328.6 million, and income before income tax was $215.4 million for last year's first quarter.
Shares of Interactive Brokers closed Tuesday at $27.55, up 26 cents.
----->
But its "After Hours" posted a 4.43% decline for the day, quotes at $26.33. It may touch $25 today in a global stock market consolidation (or retreat) initiated by China.
Looks like they are being hurt by leaks.
"Market making segment income before income tax decreased 20.9% in the quarter ended March 31,
2007 compared with the same period in 2006, reflecting lower trading gains driven in part by heavy options activity in advance of
certain corporate announcements, which had a negative impact on profits."
AAA30
"Market making segment income before income tax decreased 20.9% in the quarter ended March 31,
2007 compared with the same period in 2006, reflecting lower trading gains driven in part by heavy options activity in advance of
certain corporate announcements, which had a negative impact on profits."
AAA30
Unbelievable hubris from this company. I mean, what sort of jack-offs does it take to miss the FIRST earnings release after your syndicate deal? Glad I am not a bag-holder n this one...
http://biz.yahoo.com/ap/070530/interactive_brokers_group_earnings.html?.v=1
http://biz.yahoo.com/ap/070530/interactive_brokers_group_earnings.html?.v=1
The ipo was scheduled long before the crooks banged them with illegal option trades.
That said, I told you, the man is a billionaire for a reason. Good timing.
Also , let this be a lesson for you. No matter what you may 'think', no matter the idiocy of those opposing you, you still have to keep your wits about you and trade what you see.
Just because a fool is crying fire, doesn't mean there isn't something burning.
Wow, deep.
Looking at their Q1 earnings I do not see anything they "missed". Trading profits are lower, but they made a note about this possibility in IPO prospectus. Their IR could be better though... since they do not care about how their statement could be interpreted someone like you are referring to and public uses to judge.