Interactive Brokers Group Announces 2010 Results (IBKR)

Interactive Brokers Group, Inc. IBKR today reported a diluted loss per share of $(0.22) for the year ended December 31, 2010, compared to diluted earnings per share of $0.87 in 2009. Reported results include the effects of a special dividend to shareholders paid in December 2010. Reported results also reflect the GAAP convention that shifted currency hedging results from reportable earnings to Other Comprehensive Income, which is reported in the Statement of Financial Condition. The Company considers these items to be non-operating in nature. Excluding the effects of the dividend and the currency reporting convention together, the Company estimates, on a non-GAAP basis, diluted earnings per share of $0.73 for 2010 ($1.04 for 2009). Net revenues were $922 million and income before income taxes was $341 million for the year, compared to net revenues of $1,100 million and income before income taxes of $545 million in 2009. Adjusted for the dividend and currency reporting convention described above, on a non-GAAP basis, 2010 net revenues were $1,070 million ($1,205 million in 2009) and 2010 income before income taxes was $499 million ($649 million in 2009).