TradeStation Group Reports 2 Cent EPS, Misses Revenue Estimates (TRAD)

Plantation, Florida-based TradeStation Group Inc. TRAD announced on Friday morning that it met consensus Wall Street earnings estimates, while failing to meet revenue expectations. TradeStation Group Inc reported that its 4th quarter net income fell to $770,000, 2 cents per share, down from $2.7 million, or 7 cents per share, a year earlier. TradeStation Group Inc reported revenue of $28.9 million, down from $31.2 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 2 cents per share, on revenue of $29.84 million. TradeStation Group Inc. (TRAD) closed the previous trading day at $7.03 per share. Analysts covering the company's stock give it a consensus price target of $6.61 per share. TradeStation Group Inc , through its brokerage subsidiaries, offers the TradeStation platform to the active trader and certain institutional trader markets. TradeStation is an electronic trading platform that offers state-of-the-art electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom Equities, Options, Futures and Forex trading strategies. Read more from Benzinga's Company news.