eTrade 2004 Annual Report Download - page 120
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Excluded from the calculations of diluted income (loss) per share are 45.4 million of common stock shares for 2003 and 46.0 million of
common shares for 2002, issuable under convertible subordinated notes as the effect of applying the treasury stock method on an if-converted
basis would be anti-dilutive.
110
Net income (loss) per share
$
0.99
$
0.55
$
(0.52
)