E*Trade Financial Corp. Q1 Income Climbs

(RTTNews) - E*Trade Financial Corp. (ETFC) released earnings for its first quarter that climbed from the same period last year.

The company's bottom line came in at $235 million, or $0.88 per share. This compares with $132 million, or $0.48 per share, in last year's first quarter.

Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 28.0% to $708 million from $553 million last year.

E*Trade Financial Corp. earnings at a glance:

-Earnings (Q1): $235 Mln. vs. $132 Mln. last year. -EPS (Q1): $0.88 vs. $0.48 last year. -Analysts Estimate: $0.76 -Revenue (Q1): $708 Mln vs. $553 Mln last year.