TD AMERITRADE Holding Corporation (NASDAQ:AMTD) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.99%.
TD AMERITRADE Holding Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4% to $0.26 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 0.65% to $679 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TD AMERITRADE Holding Corporation reported adjusted EPS income of $0.26 per share. By that measure, the company missed the mean analyst estimate of $0.26. It beat the average revenue estimate of $674.49 million.
Quoting Management: “Halfway through fiscal 2013, following the two best quarters for asset gathering in our history, we have gathered a record $29 billion in net new client assets. In addition, we have increased our market fee-based revenue for the first six months by 32 percent year-over-year and kept our expenses well in check,” said Fred Tomczyk, president and chief executive officer. “While retail investor sentiment has improved, a large number of investors remain cautious in this environment, and yet we continue to execute well against our strategy and on the items we can control.”
Key Stats (on next page)…