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Short Take: E*Trade earnings soar
Online investment service provider E*Trade reported fourth quarter revenues of $48.5 million, or 15 cents per share, up 182 percent over the same period one year ago. Net income rose to $5.5 million, versus $506,000 a year ago. Full year revenues rose 177 percent, to $142.7 million, while net income for the year reached $13.9 million, versus a loss of $828,000 last year.
Mike Ricciuti Staff writer, CNET News
Mike Ricciuti joined CNET in 1996. He is now CNET News' Boston-based executive editor and east coast bureau chief, serving as department editor for business technology and software covered by CNET News, Reviews, and Download.com. E-mail Mike.
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Online investment service provider reported fourth quarter revenues of $48.5 million, or 15 cents per share, up 182 percent over the same period one year ago. Net income rose to $5.5 million, versus $506,000 a year ago. Full year revenues rose 177 percent, to $142.7 million, while net income for the year reached $13.9 million, versus a loss of $828,000 last year.