E*TRADE Financial Corp. (ETFC) reported that its fourth-quarter net loss narrowed to $67.15 million or $0.04 per share from $275.56 million or $0.50 per share last year.
On average, 15 analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Total net revenue increased to $523.44 million from $486.43 million last year. Analysts expected revenue of $240.52 million for the quarter.
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