Interactive Brokers(IBKR Quote) reported a 58% increase in its second quarter earnings, but fell short of analysts' expectations. The electronic market maker and broker delivered a solid 44 cents per share, but the analysts, who hadn't received much guidance from the company, expected 50 cents a share. Interactive has only been a public company for a year and analysts had not been happy about the company's insistence on not giving guidance. The stock traded down 19.1% to $26.04.
The NYSE Financial Sector Index flip-flopped throughout the day but lately declined 43.72 to 6,359.62. One of the big winners of the day was Glacier Bancorp(GBCI Quote) which shot up 8.5% to $20.40 after the Montana-based bank delivered a 10% increase in second-quarter net earnings and declared a dividend that was an 8% increase over the previous year. However, the CEO warned that duplicating the performance for the rest of the year would be challenging.- Loading Comments...
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