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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

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