Charles Schwab Bottom Line Advances In Q2

Charles Schwab (SCHW) revealed a profit for its second quarter that increased from last year.

The company’s profit came in at $813 million, or $0.60 per share. This compares with $530 million, or $0.39 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 16.9% to $2.49 billion from $2.13 billion last year.

Charles Schwab earnings at a glance:

-Earnings (Q2): $813 Mln. vs. $530 Mln. last year.
-EPS (Q2): $0.60 vs. $0.39 last year.
-Analysts Estimate: $0.58
-Revenue (Q2): $2.49 Bln vs. $2.13 Bln last year.

by RTTNews Staff Writer

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