Charles Schwab Reports 22% Increase In Q3 Earnings

(RTTNews) - Charles Schwab (SCHW) reported earnings for its third quarter that climbed from last year.

The company said its bottom line rose to $575 million, or $0.42 per share. This was up from $470 million, or $0.35 per share, in last year's third quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.6% to $2.17 billion. This was up from $1.91 billion last year.

Charles Schwab earnings at a glance:

-Earnings (Q3): $575 Mln. vs. $470 Mln. last year. -Earnings Growth (Y-o-Y): 22.3% -EPS (Q3): $0.42 vs. $0.35 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.41 -Revenue (Q3): $2.17 Bln vs. $1.91 Bln last year. -Revenue Change (Y-o-Y): 13.6%