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Ameritrade reports profit

Published on .

Omaha, Neb.--Ameritrade Holding Corp. reported net income of $9 million, or 4 cents a share, for its first fiscal quarter ended Dec. 31, compared with a loss of $23 million, or 13 cents a share, in the same period a year earlier. Revenues for the period were $108.2 million, down from $130.9 million. The company said deep cuts in advertising spending helped offset the revenue drop.
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