Charles Schwab Reveals Increase In Q3 Bottom Line

(RTTNews) - Charles Schwab (SCHW) reported a profit for its third quarter that climbed from the same period last year.

The company's bottom line came in at $885 million, or $0.65 per share. This compares with $575 million, or $0.42 per share, in last year's third quarter.

Analysts had expected the company to earn $0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.9% to $2.58 billion from $2.17 billion last year.

Charles Schwab earnings at a glance:

-Earnings (Q3): $885 Mln. vs. $575 Mln. last year. -EPS (Q3): $0.65 vs. $0.42 last year. -Analysts Estimate: $0.65 -Revenue (Q3): $2.58 Bln vs. $2.17 Bln last year.