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Ameritrade Sees First-Quarter Results Below Expectations


(AMTD) - Get TD Ameritrade Holding Corporation Report

said Monday that revenue and earnings in the first quarter would be below analysts' expectations.

The Omaha-based online brokerage also said it would lay off 230 workers, according to



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Shares of Ameritrade fell 84 cents, or 9.5%, to $8 in recent



Ameritrade said it expects first-quarter revenues to be between $127 million and $132 million, short of the $142.6 million consensus of nine analysts polled by

First Call/Thomson Financial

. Ameritrade expects a loss of 12 cents to 14 cents per share in the quarter, compared with analysts' expectations of a 5-cent loss.

Also Monday, Ameritrade said 52,000 new accounts were opened in December, a 30% increase over November's total of 40,000. Average daily trade volume was up 10% in December from the year-ago period, rising to 115,000 trades per day.