UPDATE: TD Ameritrade Posts Upbeat FQ1 Profit

TD Ameritrade Holding

reported a 3.3% drop in its fiscal first-quarter earnings. TD Ameritrade's quarterly profit fell to $147 million, from $152 million, in the year-ago period. Its per-share earnings came in flat at $0.27 per share. Its net revenue came in at $651 million. However, analysts were expecting earnings of $0.24 per share on revenue of $636 million. TD Ameritrade shares gained 1.46% to $18.72 in pre-market trading.