E*TRADE Financial Corporation (NASDAQ:ETFC) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. Net loss of $186.1 million (loss of 65 cents per diluted share) in the quarter versus a net loss of $6.35 million in the year-earlier quarter. Revenue decreased 15.74% to $467.7 million from the year-earlier quarter.
E*TRADE Financial Corporation reported adjusted net loss of 0 cent per share. By that measure, the company met the mean analyst estimate of $0. It missed the average revenue estimate of $476.53 million.
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