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UPDATE: E*TRADE Posts Wider Q4 Loss

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E*TRADE Financial (NASDAQ: ETFC) reported a wider fourth-quarter loss.

E*TRADE posted a quarterly loss of $186.1 million, or $0.65 per share, versus a year-ago loss of $6.3 million, or $0.02 per share.

Its net revenue declined to $467.7 million, versus $475 million. However, analysts expected a loss of $0.56 per share and revenue of $457 million.

E*TRADE shares fell 4.28% to $9.83 in after-hours trading.

Posted-In: lossEarnings News

 

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