Charles Schwab Reveals 23% Gain In Q2 Profit

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

The company said its bottom line totaled $406 million, or $0.30 per share. This was higher than $330 million, or $0.25 per share, in last year's second quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.6% to $1.83 billion. This was up from $1.57 billion last year.

Charles Schwab earnings at a glance:

-Earnings (Q2): $406 Mln. vs. $330 Mln. last year. -Earnings Growth (Y-o-Y): 23.0% -EPS (Q2): $0.30 vs. $0.25 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.30 -Revenue (Q2): $1.83 Bln vs. $1.57 Bln last year. -Revenue Change (Y-o-Y): 16.6%