OMAHA, Neb. (
posted fiscal first-quarter earnings of $136.2 million, or 23 cents a share, below year-earlier net income of $184.4 million, or 31 cents a share.
Analysts surveyed by Thomson Reuters expected earnings of 26 cents a share.
TD Ameritrade reported net revenue in the quarter of $625 million from $610.7 million in year-earlier period; analysts estimated revenue of $634.05 million.
TD Ameritrade said net new client assets in the quarter were $8.7 billion, for an annualized growth rate of 12% on beginning client assets.
-- Reported by Joseph Woelfel in New York.
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