TD Ameritrade (AMTD) Misses Q2 EPS by 1c

TD Ameritrade (NYSE: AMTD) reported Q2 EPS of $0.35, $0.01 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $803 million versus the consensus estimate of $821 million.

“As we look back at the first six months of fiscal 2015, we see strong asset gathering in both our retail and institutional channels,” said Fred Tomczyk, president and chief executive officer. “Year-to-date, we have gathered $35 billion in net new assets, an 11 percent annualized growth rate, and up 31 percent year-over-year. This is a record for the first six months of any fiscal year. Looking ahead to the second half of fiscal 2015, we will remain focused on those things we can control, particularly maintaining our strong organic growth and building our long-term earnings power.”

“Despite continued headwinds from a low interest rate environment, we have delivered 73 cents in earnings per share through the first two quarters of fiscal 2015 – the best first six-months in our company’s history,” said Bill Gerber, executive vice president and chief financial officer. “Strong transaction and asset-based revenues contributed to healthy net revenues of $803 million. Delivering shareholder value remains a priority for us, whether that be through strong organic growth, earnings, disciplined expense management or capital deployment – and we remain focused on all four.”

For earnings history and earnings-related data on TD Ameritrade (AMTD) click here.

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