E*Trade Financial Corp. Profit Retreats In Q2

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

The company's earnings came in at $219 million, or $0.90 per share. This compares with $250 million, or $0.95 per share, in last year's second quarter.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.5% to $685 million from $710 million last year.

E*Trade Financial Corp. earnings at a glance:

-Earnings (Q2): $219 Mln. vs. $250 Mln. last year. -EPS (Q2): $0.90 vs. $0.95 last year. -Analysts Estimate: $1.09 -Revenue (Q2): $685 Mln vs. $710 Mln last year.