Online brokerage operator TD Ameritrade Holding Corp. (
) on Monday said its fiscal second quarter rose 6% from last year,
beating analyst estimates.
The Omaha-based company reported fiscal second quarter net
income of $171.7 million, or 30 cents per share, compared with
$162.6 million, or 27 cents per share, in the year-ago period.
Revenue rose 13% from last year to $718.2 million.
On average, Wall Street analysts expected a smaller profit of 29
cents per share on lower revenue of $703.6 million.
TD Ameritrade shares rose 52 cents, or +2.4%, in premarket
The Bottom Line
Shares of TD Ameritrade (
) have a 3.28% dividend yield, based on Friday's closing stock
price of $22.11. The stock has technical support in the $19-$20
price area. If the shares can firm up, we see overhead resistance
around the $24-$26 price levels.
TD Ameritrade Holding Corp. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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