NEW YORK ( TheStreet) -- E*Trade ( ETFC) reported a narrower loss than last year due to a loan loss reserve. The broker reported a fourth quarter net loss of $24 million, or $0.11 loss per share, compared with a net loss of $67 million, or $0.36 loss per share, in the fourth quarter of 2009. The fourth quater results included a $60 million loan loss reserve. For the year the company reported a net loss of $28 million, or $0.13 loss per share, compared to a net loss of $1.3 billion, or $11.85 loss per share in 2009. For the fourth quarter the company's revenue slid to $517.9 million, from $523.4 million in 2009. The results still beat analysts expected earnings of 4 cents a share on revenue of $322 million. For the full year, the company reported total net revenue of $2.1 billion, compared with $2.2 billion in 2009. --Written by Maria Woehr in New York. To contact the writer of this article, click here: Maria Woehr. To follow the writer on Twitter, go to http://twitter.com/newsgirlmw. To submit a news tip, send an email to: firstname.lastname@example.org.