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Article: E*TRADE FINANCIAL Corporation Reports Strong First Quarter Results and Raises Earnings Guidance; - Reported first quarter GAAP earnings of $0.23 per share on net income of $88 million.
- Article from:
- PR Newswire
- Article date:
- April 16, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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E*TRADE FINANCIAL Corporation today announced results for its first quarter ended March 31, 2004, reporting GAAP net income of $88 million, or $0.23 per diluted share, compared to GAAP net income of $21 million, or $0.06 per share, in the same quarter a year ago. Net revenues for the quarter ended March 31, 2004 increased 28 percent over the year ago period to $411 million.
The Company increased its 2004 GAAP earnings guidance to between $0.75 and $0.90 per share from a previous range of between $0.70 and $0.85 per share.
"Our focus on integrating brokerage and banking products to enhance the customer experience is delivering superior value to both our ...