Charles Schwab (SCHW) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $1.909 billion, or $0.99 per share. This compares with $1.362 billion, or $0.68 per share, last year.
Excluding items, Charles Schwab reported adjusted earnings of $2.008 billion or $1.04 per share for the period.
Analysts on average had expected the company to earn $1.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 18.1% to $5.599 billion from $4.740 billion last year.
Charles Schwab earnings at a glance (GAAP) :
-Earnings: $1.909 Bln. vs. $1.362 Bln. last year.
-EPS: $0.99 vs. $0.68 last year.
-Revenue: $5.599 Bln vs. $4.740 Bln last year.
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