TD Ameritrade Holding Corp. announced that it expects to generate $2.3 billion of revenue in the fiscal year that began Oct. 1.
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The Omaha discount brokerage company expects 63% of its revenue to be asset-based, William Gerber, its chief financial officer, said during its fiscal fourth-quarter earnings conference call on Tuesday.
TD Ameritrade said its net income for the quarter rose 56% from a year earlier, to $200.4 million, or 33 cents a share. Revenue increased 18%, to $575.2 million.
On average, analysts polled by Thomson Financial expected earnings of 32 cents a share on revenue of $561.2 million.
