E-Trade shares rise on earnings beat, share buyback
E-Trade Financial Corp. shares rose in the extended session Thursday after the online broker topped Wall Street estimates for the quarter and announced a new share-buyback program. E-Trade shares rose 3% to $40.80 after hours. The company reported adjusted second-quarter earnings of 52 cents a share on revenue of $577 million. Analysts surveyed by FactSet had estimated earnings of $553.6 million. E-Trade also announced a $1 billion share-repurchase program.
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