Charles Schwab Reports 34% Increase In Q3 Earnings

(RTTNews) - Charles Schwab (SCHW) revealed earnings for its third quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $503 million, or $0.35 per share. This was higher than $376 million, or $0.28 per share, in last year's third quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.4% to $1.91 billion. This was up from $1.60 billion last year.

Charles Schwab earnings at a glance:

-Earnings (Q3): $503 Mln. vs. $376 Mln. last year. -Earnings Growth (Y-o-Y): 33.8% -EPS (Q3): $0.35 vs. $0.28 last year. -EPS Growth (Y-o-Y): 25.0% -Analysts Estimate: $0.33 -Revenue (Q3): $1.91 Bln vs. $1.60 Bln last year. -Revenue Change (Y-o-Y): 19.4%