E*Trade

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met Wall Street's bottom line estimate for the latest first quarter, but the online brokerage firm's revenue fell significantly from the year-ago period.

The company said earnings from operations totaled $868,000, allowing E*Trade to break even on a per share basis, meeting the consensus estimate, according to

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Thomson Financial/First Call

. E*Trade posted a loss of $672,000, again breaking even on a per share basis, in the same period last year. Revenue slid to $330 million from $417 million in the year-ago quarter.

Shares of E*Trade, which is based in Menlo Park, Calif., jumped $1.32, or 21.2%, to $7.55 at the 4 p.m. close of

New York Stock Exchange

trading.