The Final Frontier - Online Remote Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TFF who started this subject	9/9/2002 7:31:03 PM
From: TFF	of 12617

Ameritrade Writesdown Tradecast Investment, Looks to divest. OMAHA, Neb., Sept 9 (Reuters) - Online broker Ameritrade Holding Corp. (NasdaqNM:AMTD - News) on Monday said it would report a net loss in the fourth quarter after taking a $65 million charge to writedown assets of a subsidiary it has decided to sell. ADVERTISEMENT The Omaha, Nebraska-based company said it expected to report a net loss of 19 cents a share for its fiscal fourth quarter ending Sept. 27, including a pretax charge of 23 cents per share for writedown on the sale of its financial software making subsidiary TradeCast, which it bought last year. Excluding the charge, the company said it would earn 4 cents a share. In June, the company said it would earn nil to 3 cents a share in the fourth quarter. The discount online broker also said its board had approved the repurchase of up to 40 million shares. The company said it had 216.7 million shares outstanding in its most recent quarterly earnings statement, which was released at the end of July. The company said its results would reflect its acquisition of Datek Online Holdings Corp. beginning Sept. 9.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next