17.01.2024 13:39:17 - dpa-AFX: Charles Schwab Q4 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Charles Schwab (SCHW) announced a profit for fourth
quarter that decreased from the same period last year but beat the Street
estimates.
The company's bottom line came in at $926 million, or $0.51 per share. This
compares with $1.82 billion, or $0.97 per share, in last year's fourth quarter.
Excluding items, Charles Schwab reported adjusted earnings of $1.25 billion or
$0.68 per share for the period.
Analysts on average had expected the company to earn $0.64 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 18.9% to $4.46 billion from $5.50
billion last year.
Charles Schwab earnings at a glance (GAAP) :
-Earnings (Q4): $926 Mln. vs. $1.82 Bln. last year.
-EPS (Q4): $0.51 vs. $0.97 last year.
-Analyst Estimates: $0.64
-Revenue (Q4): $4.46 Bln vs. $5.50 Bln last year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX