E*TRADE Financial Corp. (ETFC) posted first-quarter net income of $35.1 million, or $0.12 per share, compared to $62.6 million, or $0.22 per share in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
The company reported total net revenue of $419.87 million for the latest first quarter, compared to $489.40 million in the comparable quarter last year, while twelve analysts had consensus revenue estimate of $438.42 million for the quarter.
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