Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 465108
Justin Henine-Hardenne  |  by www.tradingmarkets.com. All rights reserved. 6.11 | 20:41

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(RTTNews) - Investors Financial Services Corp. ( | | | ) reported third quarter net income of $36.4 million or$0.

54 per share, compared to $35.2 million or $0.53 per share in the third quarter last year.

On average, ten analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.56 per share. Net operating revenue for the third quarter grew 15% to $193.

9 million from $169.3 million in the previous year quarter. Five Street analysts expected revenues of $197.

24 million. The company declared $0.0225 per share of quarterly cash dividend, payable on November 15, 2006, to stockholders of record as of October 31, 2006.

Going forward, for the fiscal year 2006, the Company now expects earnings per share to be about $2.25 to $2.30, including a tax benefit of $0.

08 per diluted share from the reversal of previously accrued taxes in the second quarter of 2006. Eight Street analysts are looking for earnings of $2.27 per share.

Net operating revenue for the year is expected to grow approximately 14% from the year-ago period. Seven Wall Street analysts have consensus revenue estimate of $797.37 million.

Read more on by www.tradingmarkets.com. All rights reserved.
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