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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
MARK HAINES, CNBC ANCHOR: Revenues driving a 36 percent jump in E*TRADE`s third-quarter profits. Becky Quick here with more on that -- Becky.
BECKY QUICK, CNBC CORRESPONDENT: Well, the online brokerage actually had a pretty decent quarter. Earnings came in at 28 cents a share for E*TRADE; that was a penny better than the Street was looking for. And as Mark mentioned, revenues were up sharply, up about 26 percent to $422 million. On top of all of this, E*TRADE is actually raising its guidance for 2005. It`s now looking for somewhere between $1.04 a share to a $1.09 a share. Earlier, it had been talking about how it expected to earn somewhere between $0.96 and $1.06 a share. The stock was up after hours today. And joining us "First on CNBC" to talk a little bit more about this is Mitchell Caplan, he`s the CEO of E*TRADE Financial.
And, Mr. Caplan, thanks for being with us today.
MITCHELL CAPLAN,...
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