E*TRADE Financial Reports EPS $0.16 vs. $0.11 Estimate; Revenues $387.46M vs. $388.54M Estimate (ETFC)

E*TRADE Financial ETFC Reports EPS $0.16 vs. $0.11 Estimate; Revenues $387.46M vs. $388.54M Estimate E*TRADE Financial Corporation ETFC today announced results for its first quarter ended March 31, 2011, reporting net income of $45 million, or $0.16 per share, compared with a net loss of $24 million, or $0.11 loss per share, in the prior quarter and a net loss of $48 million, or $0.25 loss per share, in the first quarter of 2010. The company reported total net revenue of $537 million for the first quarter, compared with $518 million in the prior quarter and $537 million in the year-ago period.