E*Trade Financial Corp. Q2 Income Advances 45%

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

The company said its bottom line totaled $193 million, or $0.70 per share. This was up from $133 million, or $0.48 per share, in last year's second quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 21.7% to $577 million. This was up from $474 million last year.

E*Trade Financial Corp. earnings at a glance:

-Earnings (Q2): $193 Mln. vs. $133 Mln. last year. -Earnings Growth (Y-o-Y): 45.1% -EPS (Q2): $0.70 vs. $0.48 last year. -EPS Growth (Y-o-Y): 45.8% -Analysts Estimate: $0.48 -Revenue (Q2): $577 Mln vs. $474 Mln last year. -Revenue Change (Y-o-Y): 21.7%