Charles Schwab Q1 Earnings Rise 37%

(RTTNews) - Charles Schwab (SCHW) released a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line climbed to $564 million, or $0.39 per share. This was up from $412 million, or $0.29 per share, in last year's first quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.2% to $2.08 billion. This was up from $1.76 billion last year.

Charles Schwab earnings at a glance:

-Earnings (Q1): $564 Mln. vs. $412 Mln. last year. -Earnings Growth (Y-o-Y): 36.9% -EPS (Q1): $0.39 vs. $0.29 last year. -EPS Growth (Y-o-Y): 34.5% -Analysts Estimate: $0.37 -Revenue (Q1): $2.08 Bln vs. $1.76 Bln last year. -Revenue Change (Y-o-Y): 18.2%