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Charles Schwab Earnings Climb In Q1

Charles Schwab (SCHW) revealed a profit for its first quarter that climbed from the same period last year.

The company's earnings totaled $746 million, or $0.55 per share. This compares with $525 million, or $0.39 per share, in last year's first quarter.

Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.4% to $2.40 billion from $2.08 billion last year.

Charles Schwab earnings at a glance:

-Earnings (Q1): $746 Mln. vs. $525 Mln. last year.
-EPS (Q1): $0.55 vs. $0.39 last year.
-Analysts Estimate: $0.53
-Revenue (Q1): $2.40 Bln vs. $2.08 Bln last year.

by RTTNews Staff Writer

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