Plus   Neg

E*Trade Financial Corp. Reveals Decline In Q4 Bottom Line

E*Trade Financial Corp. (ETFC) revealed earnings for fourth quarter that dropped from last year.

The company's bottom line came in at $172 million, or $0.76 per share. This compares with $270 million, or $1.06 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.6% to $679 million from $735 million last year.

E*Trade Financial Corp. earnings at a glance:

-Earnings (Q4): $172 Mln. vs. $270 Mln. last year.
-EPS (Q4): $0.76 vs. $1.06 last year.
-Analysts Estimate: $0.83
-Revenue (Q4): $679 Mln vs. $735 Mln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT