The company's 2010 Fourth Quarter Business Outlook estimated ranges are as follows: Brokerage commissions and fees are the largest component of the company's net revenues.
1 Management believes that excluding the non-recurring tax benefits and "mark-to-market" losses provides investors with a better view of the results of the company's operations.īrokerage commissions and fees for the 2010 third quarter were $26.0 million, as compared to 2009 third quarter brokerage commissions and fees of $28.6 million. Excluding the non-recurring tax benefits and "mark-to-market" losses, the company would have had 2010 third quarter net revenues of $30.3 million, net income of $1.1 million, and earnings per share (diluted) of 3 cents. Included in 2010 third quarter net income are $2.4 million in non-recurring net federal, state and local tax benefits, as well as $426,000 of after-tax "mark-to-market" net losses, primarily from TradeStation Securities' investment in the Chicago Board Options Exchange (CBOE).
(Nasdaq:TRAD) today reported 2010 third quarter net revenues of $29.6 million, net income of $3.1 million, and earnings per share (diluted) of 8 cents, compared to 2009 third quarter net revenues of $32.4 million, net income of $3.7 million, and earnings per share (diluted) of 9 cents. 21, 2010 (GLOBE NEWSWIRE) - TradeStation Group, Inc. Excluding the non-recurring tax benefits and "mark-to-market" losses, the company would have had 2010 third quarter net revenues of $30.3 million, net income of $1.1 million, and earnings per share (diluted) of 3 cents.1 Management believes that excluding the non-recurring tax benefits and "mark-to-market" losses provides investors with a better view of the results of the company's operations.
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