The Charles Schwab Corporation (NYSE: SCHW) reported its financial results for the quarter ended March 31, 2020 today.
Charles Schwab reported an 18% drop in earnings for the first quarter of 2020 as the pressure across the yield curve accelerating late in the quarter hurt the net interest revenue by 6%. The results included acquisition-related expenses as well as expenses related to certain actions taken in response to the COVID-19 pandemic.
Trading revenue was 13% lower than last year due to its October 2019 pricing actions, partially offset by the dramatic increase in transactions. The company expects to remain on offense, driving long-term value by protecting its business momentum, as well as thoughtfully managing the investments in its business necessary to sustain and enhance the all-weather model.
Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted
Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to
Accenture (NYSE: ACN) reported fourth quarter 2022 earnings results today. Total revenues were $15.4 billion, up 15% year-over-year in US dollars and up 22.4% in local currency. Net income attributable