Charles Schwab Q3 Results Beat View - Quick Facts

(RTTNews) - Brokerage and investment manager Charles Schwab Corp. (SCHW) announced higher third-quarter net income available to common stockholders of $282 million, or $0.22 a share, versus $238 million, or $0.19 a share, last year. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $0.20 for the quarter. Analysts' estimates typically exclude one-time items.

Three-month net income went up 17% to $290 million, from $247 million in the third quarter of 2012.

Quarterly total net revenues reached $1.37 billion, an increase from the year-ago quarter's $1.2 billion. Sixteen analysts estimated revenues of $1.34 billion for the quarter.