TD Ameritrade (AMTD) Tops Q1 EPS by 10c

TD Ameritrade (NASDAQ: AMTD) reported Q1 EPS of $1.11, $0.10 better than the analyst estimate of $1.01. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.49 billion.

Financial results for the quarter ended Dec. 31, 2018 include the following:(2)

• Net new client assets of approximately $32 billion, an annualized growth rate of 10 percent
• Average client trades per day of approximately 928,000, up 28 percent year over year
• Record net revenues of $1.5 billion, up 21 percent year-over-year
• $1.07 in GAAP earnings per diluted share, up 106 percent year over year, on net income of $604 million
• $1.11 in Non-GAAP earnings per diluted share,(1) up 39 percent year over year
• Pre-tax GAAP income of $778 million, or 51 percent of net revenues

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

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