E*Trade Group, the third-largest online brokerage in the United States, said Wednesday it squeaked out a razor-thin fiscal third-quarter profit on revenues that fell sharply as trading volumes withered. Analysts had expected a loss of one cent per share, but the Menlo Park, California-based company managed a profit of 2 cents per share, or $5.7 million (US$).
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E*Trade Squeaks Out Q3 Profit
Posted by: Mark Henricks July 19, 2000 12:00 AME*Trade Group, the third-largest online brokerage in the United States, said Wednesday it squeaked out a razor-thin fiscal third-quarter profit on revenues that fell sharply as trading volumes withered. Analysts had expected a loss of one cent per share, but the Menlo Park, California-based company managed a profit of 2 cents per share, or $5.7 million (US$).