UPDATE: TD Ameritrade FQ2 Profit Rises 5.1%

TD Ameritrade Holding

reported a 5.1% rise in its fiscal second-quarter earnings. TD Ameritrade's quarterly profit surged to $144 million, or $0.26 per share, from $137 million, or $0.25 per share, in the year-ago period. Its net revenue climbed 0.9% to $679 million. However, analysts were expecting earnings of $0.26 per share on revenue of $677 million. Its operating expenses fell 2.6%. TD Ameritrade shares rose 0.98% to $19.62 in pre-market trading.