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TD Ameritrade: Fiscal 2Q Earnings Snapshot

OMAHA, Neb. (AP) _ TD Ameritrade Holding Corp. (AMTD) on Wednesday reported fiscal second-quarter profit of $446 million.

The Omaha, Nebraska-based company said it had earnings of 82 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The online brokerage posted revenue of $1.48 billion in the period. Its revenue net of interest expense was $1.48 billion, which beat Street forecasts. Four analysts surveyed by Zacks expected $1.42 billion.

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TD Ameritrade shares have decreased 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $37.58, a decline of 30% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMTD at https://www.zacks.com/ap/AMTD