E*Trade Financial Corp. Announces 85% Rise In Q2 Profit

(RTTNews) - E*Trade Financial Corp. (ETFC) reported a profit for its second quarter that rose from last year.

The company said its bottom line advanced to $133 million, or $0.48 per share. This was up from $72 million, or $0.25 per share, in last year's second quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.5% to $474 million. This was up from $429 million last year.

E*Trade Financial Corp. earnings at a glance:

-Earnings (Q2): $133 Mln. vs. $72 Mln. last year. -Earnings Growth (Y-o-Y): 84.7% -EPS (Q2): $0.48 vs. $0.25 last year. -EPS Growth (Y-o-Y): 92.0% -Analysts Estimate: $0.38 -Revenue (Q2): $474 Mln vs. $429 Mln last year. -Revenue Change (Y-o-Y): 10.5%