Interactive Brokers Group, Inc. (IBKR) reported a first-quarter net loss to shareholders of $13 million or $0.22 per share, compared to profit of $19 million or $0.34 per share, prior year. Comprehensive loss per share was $0.24, for the quarter.
On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.07 for the quarter. Analysts' estimates typically exclude special items.
The company noted that the results for the first quarter of 2015 were negatively impacted by a $121 million net loss due to the sudden move in the value of the Swiss franc, causing several of the company's customers who held currency futures and spot positions to suffer losses in excess of their deposits; and a $197 million loss on currency diversification strategy due to the strengthening of the U.S. dollar against other major currencies.
Revenue decreased to $172 million from $355 million last year. Analysts expected revenue of $194.83 million for the quarter.
The Interactive Board declared a quarterly cash dividend of $0.10 per share. The dividend is payable on June 12, 2015 to shareholders of record as of June 1, 2015.
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