logo
Share SHARE
FONT-SIZE Plus   Neg

Charles Schwab Q1 Net Profit Up, But EPS Flat - Quick Facts

Brokerage and investment manager Charles Schwab Corp. (SCHW) reported higher first-quarter net income available to common stockholders of $198 million, versus $195 million a year ago, with earnings per share remaining flat at $0.15 per share. Also, quarterly net income grew 6% to $206 million, from the prior-year quarter's $195 million.

On average, 23 analysts polled by Thomson Reuters expected earnings per share of $0.16 for the quarter. Analysts' estimates typically exclude one-time items.

Total net revenues were $1.29 billion in the first quarter, up 8% from $1.19 billion last year, while it beat consensus estimate of $1.27 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Germany, a clean-power trendsetter country, is planning to introduce hydrogen powered trains. The environment friendly "Coradia iLint" long distance passenger hydrails are expected to be operational by the end of 2017. Rogers Communications Inc. and Shaw Communications Inc. are shutting down Shomi, the subscription video-on-demand service run by the two Canadian companies. Shomi said it will shut down operations on November 30, 2016, just two years since its launch. Shomi was viewed as a Canadian competitor to Netflix. Canadian women's fashion retailer Aritzia LP has raised C$400 million in its initial public offering on the Toronto Stock Exchange. Aritzia, Boston-based private equity firm Berkshire Partners LLC, and founder as well as CEO Brian Hill sold 25 million subordinate voting shares for C$16 per share, at the high end of its marketed range of C$14 to C$16 per share.
comments powered by Disqus
RELATED NEWS
Trade SCHW now with 
Follow RTT