abu_penny
14-06-2002, Fri 4:06 PM
Friday June 14, 8:35 am Eastern Time
Ameritrade Reports New Accounts and Average Trades Per Day for May
OMAHA, Neb.--(BUSINESS WIRE)--June 14, 2002--Ameritrade Holding Corporation (Nasdaq:AMTD - News) today reported continuing growth in its core online brokerage business.
The Company opened 25,000 new accounts(a) during May for a total of 1,909,000, with an average daily volume of 74,000 trades.
Outlook
Ameritrade has updated its guidance for the third and fourth quarters of fiscal year 2002 in the "Outlook Statement" section of its corporate Web site located at www.amtd.com. The activity rate is expected to range from 3.5% to 4.0% and from 3.3% to 3.8% for the third and fourth fiscal quarters, respectively. Net revenues are expected to range from $95 million to $110 million and from $81 million to $105 million for the third and fourth fiscal quarters, respectively. Total operating expenses are expected to range from $72 million to $82 million for both the third and fourth fiscal quarters. Earnings per share are expected to range from $0.02 to $0.04 and from $0.00 to $0.03 for the third and fourth fiscal quarters, respectively. All projections are for Ameritrade only and do not include the impact of the merger with Datek Online Holdings Corp.
Ameritrade Reports New Accounts and Average Trades Per Day for May
OMAHA, Neb.--(BUSINESS WIRE)--June 14, 2002--Ameritrade Holding Corporation (Nasdaq:AMTD - News) today reported continuing growth in its core online brokerage business.
The Company opened 25,000 new accounts(a) during May for a total of 1,909,000, with an average daily volume of 74,000 trades.
Outlook
Ameritrade has updated its guidance for the third and fourth quarters of fiscal year 2002 in the "Outlook Statement" section of its corporate Web site located at www.amtd.com. The activity rate is expected to range from 3.5% to 4.0% and from 3.3% to 3.8% for the third and fourth fiscal quarters, respectively. Net revenues are expected to range from $95 million to $110 million and from $81 million to $105 million for the third and fourth fiscal quarters, respectively. Total operating expenses are expected to range from $72 million to $82 million for both the third and fourth fiscal quarters. Earnings per share are expected to range from $0.02 to $0.04 and from $0.00 to $0.03 for the third and fourth fiscal quarters, respectively. All projections are for Ameritrade only and do not include the impact of the merger with Datek Online Holdings Corp.