Charles Schwab Earnings Beat, Revenue Misses In Q3


© Reuters. Charles Schwab Earnings Beat, Revenue Misses In Q3

biedex.com – Charles Schwab (NYSE:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.

Charles Schwab announced earnings per share of $0.51 on revenue of $2.45B. Analysts polled by biedex.com anticipated EPS of $0.48 on revenue of $2.47B.

Charles Schwab shares are down 21% from the beginning of the year, still down 28.13% from its 52 week high of $51.65 set on December 12, 2019. They are under-performing the which is up 7.98% from the start of the year.

Charles Schwab shares lost 2.05% in pre-market trade following the report.

Charles Schwab follows other major Financial sector earnings this month

Charles Schwab’s report follows an earnings beat by UnitedHealth on Wednesday, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.09 on revenue of $63.77B.

JPMorgan had beat expectations on Tuesday with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting biedex.com’s earnings calendar

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