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Benzinga
Benzinga
Business
Adam Eckert

Following Quarterly Results, Analyst Explains How Rate Hikes Could Impact Interactive Brokers In 2022

Interactive Brokers Group Inc (NASDAQ:IBKR) announced quarterly results that were in line with or slightly below consensus estimates, but the company's results beat the forecasts from Piper Sandler.

Piper Sandler's Assessment: Interactive Brokers reported quarterly adjusted earnings of 83 cents per share, which was in line with consensus estimates, but beat the Piper Sandler estimate of 79 cents per share. The company reported adjusted net revenue of $683 million, which was $22 million above the analyst firm's estimates.

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