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E*Trade Financial Corp. Q2 Profit Drops

E*Trade Financial Corp. (ETFC) announced earnings for second quarter that decreased from the same period last year.

The company's profit totaled $196M, or $0.88 per share. This compares with $219M, or $0.90 per share, in last year's second quarter.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.5% to $716M from $685 million last year.

E*Trade Financial Corp. earnings at a glance:

-Earnings (Q2): $196M. vs. $219M. last year.
-EPS (Q2): $0.88 vs. $0.90 last year.
-Analysts Estimate: $0.76
-Revenue (Q2): $716M vs. $685 Mln last year.

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