* Q4 loss/shr $0.66 vs est EPS $0.16
* Q4 total revenue down 7 pct
* DARTs up 9 pct
* Shares up 2 pct in extended trading
Jan 20 Derivative trader Interactive Brokers
Group Inc (IBKR.O) swung to a surprise quarterly loss on a
steep fall in revenue from its market-making segment.
Net loss available to common shareholders was $28.1
million, or 66 cents a share, compared with a net income of
$2.3 million, or 6 cents a share, a year ago.
Analysts expected the company to earn 16 cents a share,
according to Thomson Reuters I/B/E/S.
Net revenue from the company's market-making segment, which
handles over a million trades per day, was $44 million,
compared with $75.2 million, a year ago.
Market makers fulfil buy and sell orders from brokers, and
create a marketplace for the buying and selling of shares to
match supply and demand by using its own inventory or seeking
During the quarter, Interactive's cleared daily average
revenue trades (DARTs) -- a key measure of trading activity for
retail brokerage firms -- rose 9 percent to 337,000.
Total revenue was $186.3 million, compared with $200.4
million a year ago.
Analysts expected revenue of $251.2 million.
The company's electronic-broker segment competes with the
broker arm of TradeStation Group Inc TRAD.O, while its
market-making segment competes with a unit of Citigroup (C.N).
Shares of the Greenwich, Connecticut-based company closed at
$17.48 on Thursday on Nasdaq. They were up 2 percent at $17.77
in extended trading.
(Reporting by Mayuresh Tungare in Bangalore; Editing by Maju