Categories AlphaGraphs, Earnings, Finance
Charles Schwab Corp. (SCHW) Q3 earnings beat estimates amid 87% revenue growth
Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Friday reported strong revenue and earnings growth for the third quarter. The numbers also beat Wall Street’s forecast.
Third-quarter revenues increased to $4.57 billion from $2.45 billion last year. Analysts were looking for slower growth.
Adjusted earnings rose to $0.84 per share in the most recent quarter from $0.51 per share in the same period of last year and came in above the consensus forecast. Net income, including one-off items, was $1.53 billion or $0.74 per share, compared to $698 million or $0.48 per share in the third quarter of 2020.
The company’s stock reached a record high this month, after gaining steadily for more than a year. It made strong gains on Friday morning following the earnings release, after closing the last session higher.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024