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
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