Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), an automated global electronic market maker and broker, today announced its preliminary financial results for the quarter ended June 30, 2007.
Interactive Brokers Group reported that it is currently in the process of finalizing its combined financial results for the quarter ended June 30, 2007, and therefore final results are not yet available. Interactive Brokers Group provided below its preliminary expectations as to its operating results for the quarter ended June 30, 2007. These preliminary expectations are based upon management estimates and are subject to quarterly review procedures and final recommendations and adjustments. Operating results for the quarter ended June 30, 2007 are not necessarily indicative of the results to be expected in future periods.
Interactive Brokers Group reported that it expects:
- pro forma basic earnings per share to be between $0.27 and $0.29 and pro forma diluted earnings per share to be between $0.26 and $0.28 for the quarter ended June 30, 2007, compared to pro forma basic and diluted earnings per share of $0.25 and $0.24, respectively, for the quarter ended June 30, 2006;
- total net revenues to be between $281 million and $299 million for the quarter ended June 30, 2007, compared to total net revenues of $291 million for the quarter ended June 30, 2006;
- income before income tax to be between $157 million and $167 million for the quarter ended June 30, 2007, compared to income before income tax of $164 million for the quarter ended June 30, 2006; and
- net income to be between $153 million and $163 million for the quarter ended June 30, 2007, compared to net income of $158 million for the quarter ended June 30, 2006.
On a non-GAAP basis, taking into account the sale of certain claims to TP Holdings with respect to an unusual, non-recurring loss of $37 million and removing the impact of an $11 million tax recovery, Interactive Brokers Group reported that it expects:
adjusted pro forma basic earnings per share to be between $0.33 and $0.35 and adjusted pro forma diluted earnings per share to be between $0.32 and $0.34 for the quarter ended June 30, 2007, compared to pro forma basic and diluted earnings per share of $0.25 and $0.24, respectively, for the quarter ended June 30, 2006;
adjusted total net revenues to be between $316 million and $335 million for the quarter ended June 30, 2007, compared to total net revenues of $291 million for the quarter ended June 30, 2006;
adjusted income before income tax to be between $191 million and $203 million for the quarter ended June 30, 2007, compared to income before income tax of $164 million for the quarter ended June 30, 2006; and
adjusted net income to be between $175 million and $185 million for the quarter ended June 30, 2007, compared to net income of $158 million for the quarter ended June 30, 2006.