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Stock impact report

E-Trade shares fall after earnings miss [MarketWatch]

E*TRADE FINANCIAL CORP (ETFC) 
Last e*trade financial corp earnings: 4/23 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: about.etrade.com/index.cfm
Company Research Source: MarketWatch
E-Trade Financial Corp. shares fell less than 1% in the extended session Thursday after the financial company reported below-consensus earnings. The company reported first-quarter net income available to common shareholders of $161 million, or 72 cents a share, compared with $270 million, or $1.09 a share, in the year-ago period. Revenue fell to $707 million from $755 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 90 cents a share on revenue of $719.3 million. The company said it would pay out a dividend of 14 cents a share May 19 for shareholders of record on May 13. For the second quarter, analysts model earnings of 67 cents a share and sales of $623.7 million. E-Trade stock has fallen 24.3% in the past year, as the S&P 500 index fell 4.6%. Show less Read more
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