TD Ameritrade Cuts Guidance, Blames Soft Trading
Investors took shares offline at TD Ameritrade Holding (AMTD) after the online brokerage and bank missed estimates for its fiscal second quarter and told shareholders to expect weaker results for the full fiscal year. The stock dropped 9% in heavy trading Tuesday.
The company reported earnings of 23 cents a share for its second quarter ended March 31, compared to 30 cents in the year-ago period. Wall Street analysts on average expected earnings of 24 cents a share, according to Thomson Financial.
.
No comments:
Post a Comment