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TD Ameritrade earnings drop but tops expectations

Earnings are rolling in on this fine Tuesday morning, with many companies reporting. One of those is TD Ameritrade (NASDAQ: AMTD), which stepped into the earnings spotlight and reported fourth-quarter earnings of 26 cents per share, topping the consensus estimate by four cents per share.

Quarterly revenue came in at $657.9 million, which is 1.3% better than a year ago. Looking ahead, the online brokerage forecast full-year 2010 earnings to come in between $1.10 and $1.40 per share. The consensus estimate for fiscal 2010 is $1.05, so the shares could see a bit of a boost on the forecast. AMTD's quarterly earnings fell 8.8% compared to a year earlier, but the company did post new highs in average client trades per day and new net assets.

Continue reading TD Ameritrade earnings drop but tops expectations

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Last updated: May 29, 2012: 01:01 AM

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