E TRADE Financial Corp (ETFC)

[eastunder]

ETFC: Q3 Adj EPS 3c vs (65c) Meets 3c Est

Wednesday, October 20, 2010 16:22ET

QUARTER RESULTS
E*TRADE Financial Corporation (ETFC) reported Q3 results ended September 2010. Q3 Revenues were $489.42M; -14.93% vs yr-ago; BEATING revenue consensus by +53.47%. Q3 EPS was 3c. Adjusted Q3 EPS was 3c; +104.62% vs yr-ago; MATCHING earnings consensus.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $489.42M      $575.33M     -14.93%      $318.91M     +53.47% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                  3c           N/A         N/A           N/A         N/A 
 Adj EPS:              3c         (65c)    +104.62%            3c       0.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

ORIGINAL EARNINGS RELEASE
Consensus estimate data provided by Reuters.