Interactive Brokers Expects Dispute Settlement To Add $78M To Reported General And Administrative Expenses For Q3; Now Reports Adj EPS Of $1.61 Vs Previously Reported $1.75
Portfolio Pulse from Benzinga Newsdesk
Interactive Brokers has revised its Q3 financial results due to a dispute settlement, increasing general and administrative expenses by $78 million. This adjustment lowers the adjusted EPS from $1.75 to $1.61.
October 22, 2024 | 11:54 am
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Interactive Brokers has adjusted its Q3 financial results, increasing general and administrative expenses by $78 million due to a dispute settlement. This has led to a decrease in adjusted EPS from $1.75 to $1.61.
The increase in expenses due to the dispute settlement directly impacts the company's profitability, leading to a lower adjusted EPS. This is likely to negatively affect investor sentiment in the short term.
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IMPORTANCE 80
RELEVANCE 100