“Management has executed soundly and fundamentals have remained strong for the AMTD franchise in a difficult operating environment,” Chen wrote. Analysts are looking for $1.29 a share.Ĭredit Suisse analyst Howard Chen said in a research note that he thinks Ameritrade has performed well, but he expects a pullback in trading activity that will hurt the company’s prospects. The Omaha-based company expects to earn between $1.10 and $1.40 per share in fiscal 2010. “We couldn’t control the markets and we couldn’t control interest rates, so we focused on the things we could control,” said Fred Tomczyk, Ameritrade’s CEO and president. Over the past year, Ameritrade has tried to limit its costs, boosted advertising to attract more business and acquired thinkorswim. Its shares are still closer to the high end of their 52-week range of $9.34 to $20.93. Its shares slipped 21 cents, or 1.1 percent, to close at $19.27 Tuesday. Revenue edged up to $657.9 million from $649.2 million a year ago.Īnalysts surveyed by Thomson Reuters expected earnings of 22 cents a share on $630.48 million in revenue. 30, down from $172 million, or 29 cents per share, a year ago. Ameritrade earned $156.7 million, or 26 cents per share, in the quarter that ended Sept.
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