Tuesday, April 17, 2007

UPDATE 1-TD Ameritrade posts lower earnings, cuts estimate

(Reuters) - The company also lowered its expected earnings for fiscal 2007, citing recent market activity and reduced trading volume. The brokerage's shares fell 6 percent in premarket trading.

TD Ameritrade, formed last year when Ameritrade Holding bought TD Waterhouse USA from Toronto-Dominion Bank , said net income for the second quarter ended March 31 fell to $141.1 million, or 23 cents a share, from $172.8 million, or 30 cents a share a year before.


Read more at Reuters.com Market News

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