TD Ameritrade Holding Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Full Year Ending September 30, 2018 and Tax Rate Guidance for the Full Year of Fiscal 2019
The company has also updated its outlook for the 2018 fiscal year to reflect the new U.S. tax legislation. Using updated tax rates, the company expects GAAP earnings of $1.85 to $2.45 per diluted share, and Non-GAAP earnings of $2.55 to $3.05 per diluted share for its 2018 fiscal year. The company expecting a full year 2018 effective tax rate of approximately 22% as a result of 2% in the December quarter and 27% in the remaining three quarters.
The company expects 24% as tax rate for fiscal 2019.